Arizona 2024 Regular Session

Arizona House Bill HB2892 Compare Versions

Only one version of the bill is available at this time.

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1	1	REFERENCE TITLE: income tax credit; released prisoners State of Arizona House of Representatives Fifty-sixth Legislature Second Regular Session 2024 HB 2892 Introduced by Representative Hernandez M An Act amending section 43-222, Arizona Revised Statutes; amending title 43, chapter 10, article 5, Arizona Revised Statutes, by adding section 43-1080; relating to individual income tax credits. (TEXT OF BILL BEGINS ON NEXT PAGE)
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9	9	REFERENCE TITLE: income tax credit; released prisoners
10	10	State of Arizona House of Representatives Fifty-sixth Legislature Second Regular Session 2024
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14	14	REFERENCE TITLE: income tax credit; released prisoners
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64	64	An Act
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68	68	amending section 43-222, Arizona Revised Statutes; amending title 43, chapter 10, article 5, Arizona Revised Statutes, by adding section 43-1080; relating to individual income tax credits.
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78	78	Be it enacted by the Legislature of the State of Arizona: Section 1. Section 43-222, Arizona Revised Statutes, is amended to read: START_STATUTE43-222. Income tax credit review schedule The joint legislative income tax credit review committee shall review the following income tax credits: 1. For years ending in 0 and 5, sections 43-1079.01, 43-1088, 43-1089.04, 43-1167.01 and 43-1175. 2. For years ending in 1 and 6, sections 43-1072.02, 43-1074.02, 43-1075, 43-1076.01, 43-1077, 43-1078, 43-1083, 43-1083.02, 43-1162, 43-1164.03 and 43-1183. 3. For years ending in 2 and 7, sections 43-1073, 43-1082, 43-1085, 43-1086, 43-1089, 43-1089.01, 43-1089.02, 43-1089.03, 43-1164, 43-1165, and 43-1181. 4. For years ending in 3 and 8, sections 43-1074.01, 43-1168, 43-1170 and 43-1178. 5. For years ending in 4 and 9, sections 43-1073.01, 43-1080, 43-1081.01, 43-1083.03, 43-1084, 43-1164.04, 43-1164.05 and 43-1184. END_STATUTE Sec. 2. Title 43, chapter 10, article 5, Arizona Revised Statutes, is amended by adding section 43-1080, to read: START_STATUTE43-1080. Credit for housing a family member released from a correctional facility or juvenile detention center A. For taxable years beginning from and after December 31, 2024, a credit is allowed against the taxes imposed by this title for a taxpayer who allows a family member who is being released from a federal or state correctional facility or a juvenile detention center to reside in the taxpayer's residence. B. The amount of the credit is: 1. $300 for a single individual or head of household. 2. $600 for a married couple filing a joint return. C. A married couple who file separate returns for a taxable year in which they could have filed a joint return may each claim only one-half of the tax credit that would have been allowed for a joint return. D. If the allowable tax credit exceeds the taxes otherwise due under this title on the claimant's income, or if there are no taxes due under this title, the taxpayer may carry the amount of the claim not used to offset the taxes under this title forward for not more than five taxable years' income tax liability. END_STATUTE Sec. 3. Purpose Pursuant to section 43-223, Arizona Revised Statutes, the legislature enacts section 43-1080, Arizona Revised Statutes, as added by this act, to assist taxpayer's who support family members who have been recently released from a correctional facility or juvenile detention center.
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80	80	Be it enacted by the Legislature of the State of Arizona:
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82	82	Section 1. Section 43-222, Arizona Revised Statutes, is amended to read:
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84	84	START_STATUTE43-222. Income tax credit review schedule
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86	86	The joint legislative income tax credit review committee shall review the following income tax credits:
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88	88	1. For years ending in 0 and 5, sections 43-1079.01, 43-1088, 43-1089.04, 43-1167.01 and 43-1175.
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90	90	2. For years ending in 1 and 6, sections 43-1072.02, 43-1074.02, 43-1075, 43-1076.01, 43-1077, 43-1078, 43-1083, 43-1083.02, 43-1162, 43-1164.03 and 43-1183.
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92	92	3. For years ending in 2 and 7, sections 43-1073, 43-1082, 43-1085, 43-1086, 43-1089, 43-1089.01, 43-1089.02, 43-1089.03, 43-1164, 43-1165, and 43-1181.
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94	94	4. For years ending in 3 and 8, sections 43-1074.01, 43-1168, 43-1170 and 43-1178.
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96	96	5. For years ending in 4 and 9, sections 43-1073.01, 43-1080, 43-1081.01, 43-1083.03, 43-1084, 43-1164.04, 43-1164.05 and 43-1184. END_STATUTE
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98	98	Sec. 2. Title 43, chapter 10, article 5, Arizona Revised Statutes, is amended by adding section 43-1080, to read:
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100	100	START_STATUTE43-1080. Credit for housing a family member released from a correctional facility or juvenile detention center
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102	102	A. For taxable years beginning from and after December 31, 2024, a credit is allowed against the taxes imposed by this title for a taxpayer who allows a family member who is being released from a federal or state correctional facility or a juvenile detention center to reside in the taxpayer's residence.
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104	104	B. The amount of the credit is:
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106	106	1. $300 for a single individual or head of household.
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108	108	2. $600 for a married couple filing a joint return.
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110	110	C. A married couple who file separate returns for a taxable year in which they could have filed a joint return may each claim only one-half of the tax credit that would have been allowed for a joint return.
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112	112	D. If the allowable tax credit exceeds the taxes otherwise due under this title on the claimant's income, or if there are no taxes due under this title, the taxpayer may carry the amount of the claim not used to offset the taxes under this title forward for not more than five taxable years' income tax liability. END_STATUTE
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114	114	Sec. 3. Purpose
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116	116	Pursuant to section 43-223, Arizona Revised Statutes, the legislature enacts section 43-1080, Arizona Revised Statutes, as added by this act, to assist taxpayer's who support family members who have been recently released from a correctional facility or juvenile detention center.