Arizona enacts limited market sourcing election; proposed legislation would increase NOL carryforward period

March 2012

Overview

Arizona Governor Jan Brewer signed into law a phased-in market sourcing election that allows certain multistate service providers to elect to source sales of services for Arizona apportionment purposes based on the purchaser's receipt of the benefit of the service in the state, beginning in tax year 2014. The election is binding for at least five consecutive years. [S.B. 1046, enacted 2/21/12]

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