Arizona Revised Statutes Title 42. Taxation § 42-5016. Credit for telecommunications service revenue reductions

A. A credit is allowed against the taxes imposed by this article and other affiliated excise taxes for taxpayers in the business of selling and delivering telecommunications services to residential customers in an amount equal to the dollar amount of payments for telecommunications services not received by the taxpayer that are directly attributable to the rate of assistance provided under title 46, chapter 6, article 1. 1

B. The taxpayer shall claim the credit for each tax period in such manner as prescribed by the department, that may be incorporated in the return form prescribed by § 42-5014. A claim for credit is not allowed if the taxpayer fails to pay the tax due before the payment becomes delinquent. If the taxpayer subsequently disallows or recovers any amount claimed as rate assistance under title 46, chapter 6, article 1 and received as a credit under this section in a previous tax period, that amount shall be subtracted from the credit allowed under this section for the next tax period following the disallowance or recovery.

C. The amount under this section is presumed to be revenues for the purpose of determining the total amount to be applied against the appropriation limitation prescribed under article IX, § 17, Constitution of Arizona.