Arizona 55th Legislature - 1st Regular Session Status: Passed Senate 1 R cosponsors

SB 1494 — income tax; subtraction; FDIC premiums

Last action — House Second Reading

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  1. ✓
    Introduced
  2. ✓
    In Committee
  3. 3
    Passed Senate
  4. 4
    Passed House
  5. 5
    To Executive
  6. 6
    Enacted

This bill died with 55th Legislature - 1st Regular Session. It reached “Passed Senate” and never advanced before the session ended, so it can no longer move — a new version would have to be reintroduced in the current session.

This bill is no longer active — its legislative session has ended, so there is no live prognosis. It would have to be reintroduced in the current session to move again.

Bill Text

What changed in the latest version

15 added · 16 removed

Plain-language change summary

The latest version of SB 1494 has added some detail regarding how deductions for the exploration of oil, gas, or geothermal resources are calculated, aligning them more closely with existing rules for mine exploration. This change clarifies the criteria for these deductions and emphasizes the adjustments required for certain exploration expenses. By making these distinctions clearer, the bill aims to streamline tax benefits in the energy sector, which could encourage more investment in exploration activities.

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SB1494 - 551R - I Ver       REFERENCE TITLE:
SB1494 - 551R - S Ver       Senate Engrossed   income tax;
income tax;
FDIC premiums         State of Arizona Senate Fifty-fifth Legislature First Regular Session   SB 1494   Introduced by Senator Livingston     AN ACT   amending section 43-1122, Arizona Revised Statutes;
FDIC premiums         State of Arizona Senate Fifty-fifth Legislature First Regular Session   SENATE BILL 1494       AN ACT   amending section 43-1122, Arizona Revised Statutes;
The amount of exploration expenses related to the exploration of oil, gas or geothermal resources, computed in the same manner and on the same basis as a deduction for mine exploration pursuant to section of the internal revenue code.
The amount of exploration expenses related to the exploration of oil, gas or geothermal resources, computed in the same manner and on the same basis as a deduction for mine exploration pursuant to section 617 of the internal revenue code.
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Action History

  1. House Second Reading

  2. House First Reading.

  3. Transmit to House

  4. PASSED

  5. DP

  6. DP

  7. Senate Second Reading

  8. Senate First Reading

Sponsors

Sponsorship breakdown

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1 sponsors · 0 co-sponsors · 92 not signed on · 13 voted No

Sponsors (1)

Co-sponsors (0)

None.

Not signed on (92)

92 members have not signed on to this bill.

Show all 92 →

"Not signed on" means a member has not sponsored or co-sponsored this bill — it does not imply opposition. Members flagged Voted No have a recorded No vote on this bill.

Whip count is in markup. Polling the chamber and every recorded vote this session. Only the first open is slow. It’s instant for you after this. Calling the roll · Tallying · Engrossing

Votes

Passed

Passed 17 Yea · 13 Nay
Party YeaNayPresentNot Voting
Unaffiliated 101000
Democrat 0300
Republican 7000
Total 171300
% of votes cast 57%43%0%0%
How each member voted (30)
Member Party Vote
Christine Marsh — Nay
Jamescita Peshlakai — Nay
Juan Mendez — Nay
Karen Fann — Yea
Kelly Townsend — Yea
Kirsten Engel — Nay
Lisa Otondo — Nay
Martin Quezada — Nay
Michelle B. Ugenti-Rita — Yea
Nancy Barto — Yea
Paul Boyer — Yea
Rebecca Rios — Nay
Rick Gray — Yea
Rosanna Gabaldon — Nay
Sean Bowie — Yea
Sine Kerr — Yea
Sonny Borrelli — Yea
Tony Navarrete — Nay
Tyler Pace — Yea
Victoria Steele — Nay
Lela Alston Democrat Nay
Lupe Contreras Democrat Nay
Sally Ann Gonzales Democrat Nay
David Gowan Republican Yea
David Livingston Republican Yea
J.D. Mesnard Republican Yea
Thomas "T.J." Shope Republican Yea
Venden "Vince" Leach Republican Yea
Warren Petersen Republican Yea
Wendy Rogers Republican Yea

Official roll call →

Subjects

taxation
Cross-referencing the record. Reading this bill against every other bill in the corpus by meaning, not keywords. Only the first open is slow. It’s instant for you after this. Matching · Ranking · Engrossing

Frequently asked questions

Who sponsors SB 1494?
SB 1494 is sponsored by David Livingston (Republican).
What is the current status of SB 1494?
This bill died with 55th Legislature - 1st Regular Session. It reached “Passed Senate” and never advanced before the session ended, so it can no longer move — a new version would have to be reintroduced in the current session.
Where can I track SB 1494?
Track SB 1494 free on One Click Politics — get push/email alerts when it moves.

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Last checked for changes 3 months ago · updated continuously

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