ARIZONA
HOUSE OF REPRESENTATIVES
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SB 1027: tax credit; charitable organizations; eligibility |
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PRIME SPONSOR: Senator Leach, LD 11 BILL STATUS: Transmitted to Governor |
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Expands the tax credit for
contributions to qualifying organizations providing service to individuals and children,
with a chronic illness or physical disability. 
History
Current law allows an individual tax credit for voluntary cash contributions by a taxpayer or on the taxpayer's behalf to a qualifying charitable organization not to exceed $400 for a single individual or head of household or $800 for a married couple filing a joint return. (A.R.S. § 43-1088) Qualifying charitable organization is defined as a charitable organization that is exempt from a federal income taxation under 501(c)(3) of the Internal Revenue Code or is a designated community action agency that receives Community Services Block Grant Program pursuant to 42 U.S.C. § 9901. The organization must spend at least 50 percent of its budget on services to residents of Arizona who receive temporary assistance for needy families' benefits, low-income residents of Arizona and their households or to children who have a chronic illness or physical disability and who are residents of Arizona (A.R.S. § 43-1088).
Provisions
1. Expands the tax credit for contributions to qualifying organizations that spend at least 50 percent of their budget on services to individuals, rather than children, having a chronic illness or physical disability and are residents of Arizona. (Sec. 1)
2. Defines individuals who have a chronic illness or physical disability as individual whose primary diagnosis is a severe physical condition that may require ongoing medical or surgical intervention. (Sec. 1)
3. Applies retroactively to taxable years beginning 2019. (Sec. 2)
4. Makes technical changes. (Sec. 1)
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8. Fifty-fourth Legislature SB 1027
9. First Regular Session Version 3: Transmitted
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