Bill
Number: S.B. 1059
Allen S Floor Amendment
Reference to: printed bill
Amendment drafted by: Leg Council
FLOOR AMENDMENT EXPLANATION
1. Reinserts the credit for the increased state transaction privilege tax and use tax rate for education.
2. Makes technical and conforming changes.
Second Regular Session S.B. 1059
ALLEN S FLOOR AMENDMENT
SENATE AMENDMENTS TO S.B. 1059
(Reference to printed bill)
Page 33, strike lines 3 through 43
Strike page 34
Page 35, strike lines 1 through 7, insert:
"Sec. 17. Section 43-1072.02, Arizona Revised Statutes, is amended to read:
43-1072.02. Credit for increased transaction privilege or excise tax paid for education
A. Subject to the conditions prescribed by this section, for taxable years beginning from and after December 31, 2020 and ending before January 1, 2042, a credit is allowed against the taxes imposed by this chapter for a taxable year for a taxpayer who is not claimed as a dependent by any other taxpayer and whose federal adjusted gross income is:
1. $25,000 or less for a married couple or a single person who is a head of a household.
2. $12,500 or less for a single person or a married person filing separately.
B. The credit is considered to be in mitigation of increased tax rates pursuant to section 42‑5010.01 and section 42‑5155, subsection E the additional rate increment to the state transaction privilege tax and use tax rate for education.
C. The amount of the credit may not exceed $25 for each person who is a resident of this state and who is either the taxpayer, the taxpayer's spouse who does not file a return or a dependent and shall not exceed $100 for all persons in the taxpayer's household as defined in section 43‑1072.
D. If the allowable amount of the credit exceeds the income taxes otherwise due on the claimant's income, the amount of the claim not used as an offset against income taxes shall be paid in the same manner as a refund granted under section 42‑1118. Refunds made pursuant to this subsection are subject to setoff under section 42‑1122.
E. A person who is sentenced for at least sixty days of the taxable year to the custody of the federal bureau of prisons, the state department of corrections or a county jail is not eligible to claim a credit pursuant to this section.
F. The department shall make available suitable forms with instructions for claimants. Claimants who certify on the prescribed form that they have no income tax liability for the taxable year and who do not meet the filing requirements of section 43‑301 are not required to file an individual income tax return. The claim shall be in a form prescribed by the department.
G. A tax return or form prescribed pursuant to subsection F of this section must have:
1. A social security number that is valid for employment for the claimant.
2. Either a valid social security number or an individual taxpayer identification number issued by the internal revenue service for the claimant's spouse and any qualifying children of the claimant.
Sec. 18. Laws 2018, chapter 74, section 19 is amended to read:
Sec. 19. Purpose
Pursuant to section 43‑223, Arizona Revised Statutes, the legislature enacts section 43‑1072 43‑1072.02, Arizona Revised Statutes, as added by this act, to mitigate the increased tax rates pursuant to section 42‑5010.01 and section 42‑5155, subsection E, Arizona Revised Statutes, as added by this act to mitigate the additional rate increment to the state transaction privilege tax and use tax rate for education."
Renumber to conform
Page 35, line 13, strike "22" insert "21"; strike "23" insert "22"
Amend title to conform