Arizona House Passes Repeal of Use Tax Requirement

UPDATE: 5/16/2012 Governor Brewer signed SB 1214 into law.

The Arizona House has passed SB 1214, a bill that eliminates the requirement for Arizona taxpayers to declare use tax on their individual income tax returns.

SB 1214 is the Senate version of HB 2623, which proposed to repeal the use tax declaration requirement. The bill would repeal the requirement retroactive to July 2011.

12 News reports that Arizona has collected $744,000 so far from the use tax declaration. Yet this income was not enough to keep SB 1214 from passing the House. The bill now awaits final approval.