sales tax credit; tribal taxes

HB 2772 creates a tax credit for Arizona businesses that pay tribal taxes on sales or business income within the state. It allows businesses to reduce their Arizona state sales tax liability by the amount they paid to federally recognized tribes (like tribes, nations, or bands) on the same taxable sales or income during the same period. The credit cannot exceed the business's Arizona tax due after subtracting its proportional share of funds distributed to municipalities and counties. Businesses must pay their Arizona tax on time to claim this credit, which applies only to tribal taxes levied on gross sales or income from in-state business operations.