HB2465 - 502R

Be it enacted by the Legislature of the State of Arizona:

Section 1. Section 43-1011, Arizona Revised Statutes, is amended to read:

START_STATUTE43-1011. Taxes and tax rates

A. There shall be levied, collected and paid for each taxable year upon on the entire taxable income of every resident of this state and upon on the entire taxable income of every nonresident which that is derived from sources within this state taxes determined in the following manner:

1. For taxable years beginning from and after December 31, 1996 through December 31, 1997:

(a) In the case of a single person or a married person filing separately:

If taxable income is: The tax is:

$0 - $10,000 2.90% of taxable income

$10,001 - $25,000 $290, plus 3.30% of the excess over $10,000

$25,001 - $50,000 $785, plus 3.90% of the excess over $25,000

$50,001 - $150,000 $1,760, plus 4.80% of the excess over $50,000

$150,001 and over $6,560, plus 5.17% of the excess over $150,000

(b) In the case of a married couple filing a joint return or a single person who is a head of a household:

If taxable income is: The tax is:

$0 - $20,000 2.90% of taxable income

$20,001 - $50,000 $580, plus 3.30% of the excess over $20,000

$50,001 - $100,000 $1,570, plus 3.90% of the excess over $50,000

$100,001 - $300,000 $3,520, plus 4.80% of the excess over $100,000

$300,001 and over $13,120, plus 5.17% of the excess over $300,000

2. For taxable years beginning from and after December 31, 1997 through December 31, 1998:

(a) In the case of a single person or a married person filing separately:

If taxable income is: The tax is:

$0 - $10,000 2.88% of taxable income

$10,001 - $25,000 $288, plus 3.24% of the excess over $10,000

$25,001 - $50,000 $774, plus 3.82% of the excess over $25,000

$50,001 - $150,000 $1,729, plus 4.74% of the excess over $50,000

$150,001 and over $6,469, plus 5.10% of the excess over $150,000

(b) In the case of a married couple filing a joint return or a single person who is a head of a household:

If taxable income is: The tax is:

$0 - $20,000 2.88% of taxable income

$20,001 - $50,000 $576, plus 3.24% of the excess over $20,000

$50,001 - $100,000 $1,548, plus 3.82% of the excess over $50,000

$100,001 - $300,000 $3,458, plus 4.74% of the excess over $100,000

$300,001 and over $12,938, plus 5.10% of the excess over $300,000

3. For taxable years beginning from and after December 31, 1998 through December 31, 2005:

(a) In the case of a single person or a married person filing separately:

If taxable income is: The tax is:

$0 - $10,000 2.87% of taxable income

$10,001 - $25,000 $287, plus 3.20% of the excess over $10,000

$25,001 - $50,000 $767, plus 3.74% of the excess over $25,000

$50,001 - $150,000 $1,702, plus 4.72% of the excess over $50,000

$150,001 and over $6,422, plus 5.04% of the excess over $150,000

(b) In the case of a married couple filing a joint return or a single person who is a head of a household:

If taxable income is: The tax is:

$0 - $20,000 2.87% of taxable income

$20,001 - $50,000 $574, plus 3.20% of the excess over $20,000

$50,001 - $100,000 $1,534, plus 3.74% of the excess over $50,000

$100,001 - $300,000 $3,404, plus 4.72% of the excess over $100,000

$300,001 and over $12,844, plus 5.04% of the excess over $300,000

4. For taxable years beginning from and after December 31, 2005 through December 31, 2006:

(a) In the case of a single person or a married person filing separately:

If taxable income is: The tax is:

$0 - $10,000 2.73% of taxable income

$10,001 - $25,000 $273, plus 3.04% of the excess over $10,000

$25,001 - $50,000 $729, plus 3.55% of the excess over $25,000

$50,001 - $150,000 $1,617, plus 4.48% of the excess over $50,000

$150,001 and over $6,097, plus 4.79% of the excess over $150,000

(b) In the case of a married couple filing a joint return or a single person who is a head of a household:

If taxable income is: The tax is:

$0 - $20,000 2.73% of taxable income

$20,001 - $50,000 $546, plus 3.04% of the excess over $20,000

$50,001 - $100,000 $1,458, plus 3.55% of the excess over $50,000

$100,001 - $300,000 $3,233, plus 4.48% of the excess over $100,000

$300,001 and over $12,193, plus 4.79% of the excess over $300,000

5. Subject to subsection B of this section, for taxable years beginning from and after December 31, 2006:

(a) In the case of a single person or a married person filing separately:

If taxable income is: The tax is:

$0 - $10,000 2.59% of taxable income

$10,001 - $25,000 $259, plus 2.88% of the excess over $10,000

$25,001 - $50,000 $691, plus 3.36% of the excess over $25,000

$50,001 - $150,000 $1,531, plus 4.24% of the excess over $50,000

$150,001 and over $5,771, plus 4.54% of the excess over $150,000

(b) In the case of a married couple filing a joint return or a single person who is a head of a household:

If taxable income is: The tax is:

$0 - $20,000 2.59% of taxable income

$20,001 - $50,000 $518, plus 2.88% of the excess over $20,000

$50,001 - $100,000 $1,382, plus 3.36% of the excess over $50,000

$100,001 -$300,000 $3,062, plus 4.24% of the excess over $100,000

$300,001 and over $11,542, plus 4.54% of the excess over $300,000

B. For each taxable year beginning on or after January 1, 2013, the department shall adjust the income dollar amounts for each rate bracket prescribed by subsection A, paragraph 5 of this section according to the average annual change in the metropolitan Phoenix consumer price index published by the United States bureau of labor statistics. The revised dollar amounts shall be raised to the nearest whole dollar. The income dollar amounts for each rate bracket shall not be revised below the amounts prescribed in the prior taxable year. END_STATUTE