Legal Alerts/Details

Arizona Enacts Several New Tax Measures

September 01, 2021
  1. The rate is 2.55% for joint filers with incomes of $54,544 and less.
  2. The rate is 2.53% for joint filers with incomes of $54,544 and less.
  3. On November 9, 2020, the IRS issued Notice 2020-75 which states that it is the intent of the IRS to promulgate regulations to allow the entity-level tax SALT cap workaround.
  4. Note that single-member limited liability companies that are disregarded for income tax purposes will not be able to take advantage of this workaround.

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