HB 2501
Initials VP/AA Page 1 Caucus & COW
ARIZONA HOUSE OF REPRESENTATIVES
Fifty-sixth Legislature
First Regular Session
House: WM DP 6-4-0-0
HB 2501: dependent tax credit; additional amount
Sponsor: Representative Gress, LD 4
Caucus & COW
Overview
Adds that the dependent tax credit amount allowed may be increased when a dependent is born
prorated upon the number of months the taxpayer or taxpayers spouse was pregnant during the
previous taxable year.
History
A dependent tax credit for taxpayers is allowed in the following amounts:
Less than $200,000 for a single person, married filing separately or head of household,
and less than $400,000 for married filing jointly.
$100 for each dependent under 17 years old $25 for each dependent at least 17 years old
At least $200,000 for a single person, married filing separately or head of household, and
at least $400,000 for married filing jointly.
$100 minus 5% for each $1,000 by which the
taxpayer's FAGI exceeds the applicable
threshold for each dependent under 17 years
old at the end of the taxable year.
$25 minus 5% for each $1,000 by which the
taxpayer's FAGI exceeds the applicable
threshold for each dependent at least 17 years
old at the end of the taxable year.
(A.R.S. 43-1073.01)
Provisions
1. Adds that a taxpayer who is or whose spouse is pregnant may increase their credit amount
allowed for the taxable year in which the dependent is born prorated based on the number of
months the taxpayer or taxpayers wife was pregnant during the previous year. (Sec.1)
2. Applies effective January 1, 2023. (Sec. 2)
☐ Prop 105 (45 votes) ☐ Prop 108 (40 votes) ☐ Emergency (40 votes) ☐ Fiscal Note