REFERENCE TITLE: tax credit; military family relief

 

 

 

State of Arizona

Senate

Fiftieth Legislature

Second Regular Session

2012

 

 

SB 1190

 

Introduced by

Senators Griffin, Driggs, Shooter; Representatives Gowan, Judd, Pancrazi, Seel, Stevens: Senators Antenori, Barto, Crandall, Jackson, Klein, Lewis, Melvin, Murphy, Nelson, Pierce S, Reagan, Smith, Yarbrough; Representatives Barton, Chabin, Crandell, Goodale, Jones, McLain

 

 

AN ACT

 

Amending section 43-1086, Arizona Revised Statutes; Amending laws 2008, chapter 243, section 6; relating to individual income tax credits.

 

 

(TEXT OF BILL BEGINS ON NEXT PAGE)

 

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

Section 1.  Section 43-1086, Arizona Revised Statutes, is amended to read:

START_STATUTE43-1086.  Credit for donation to the military family relief fund

A.  For taxable years beginning from and after December 31, 2007 through December 31, 2012 2018, a credit is allowed against the taxes imposed by this title for cash contributions made by a taxpayer during the taxable year to the military family relief fund established by section 41‑608.04.  The amount of the credit is the lowest of the following amounts, as applicable:

1.  The total amount of contributions to the fund by the taxpayer during the taxable year.

2.  Two hundred dollars of contributions during the taxable year by a taxpayer filing as a single individual or a head of household.

3.  Four hundred dollars of contributions during the taxable year by a married couple filing a joint return.

4.  The taxpayer's tax liability for the taxable year.

B.  A husband and wife 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 on a joint return.

Sec. 2.  Laws 2008, chapter 243, section 6 is amended to read:

Sec. 6.  Delayed repeal

A.  Section 41-608.04, Arizona Revised Statutes, is repealed from and after December 31, 2013 2018.

B.  Section 43-1086, Arizona Revised Statutes, is repealed from and after December 31, 2012 2018.