Arizona § 42-1117 Tax refund account

Arizona Statutes

§ 42-1117 — Tax refund account

Arizona § 42-1117

Title 42Arizona Revised Statutes

Ch. 1ADMINISTRATION

Art. 3General Administrative Provisions

This text of Arizona § 42-1117 (Tax refund account) is published on Counsel Stack Legal Research, covering Arizona primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Ariz. Rev. Stat. Ann. § 42-1117 (2026).

Text

A.A tax refund account is established in the state general fund. The director of the department of administration shall draw all amounts necessary to make refunds under this article from the tax refund account.

B.At any time during the fiscal year if it appears that the amount in the tax refund account exceeds the amount required for refunds, the director shall transfer the excess amount from the account to the state general fund. If the transfer reduces the amount in the tax refund account below the amount required for refunds, the director of the department of administration shall adjust the amount transferred for redeposit in the tax refund account to pay such refunds. Any amount remaining in the tax refund account on June 30 of each year exceeding five hundred thousand dollars shall

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A. A tax refund account is established in the state general fund. The director of the department of administration shall draw all amounts necessary to make refunds under this article from the tax refund account.

B. At any time during the fiscal year if it appears that the amount in the tax refund account exceeds the amount required for refunds, the director shall transfer the excess amount from the account to the state general fund. If the transfer reduces the amount in the tax refund account below the amount required for refunds, the director of the department of administration shall adjust the amount transferred for redeposit in the tax refund account to pay such refunds. Any amount remaining in the tax refund account on June 30 of each year exceeding five hundred thousand dollars shall be transferred from the account to the state general fund.