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REFERENCE TITLE: income tax credit; released prisoners |
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State of Arizona House of Representatives Fifty-sixth Legislature First Regular Session 2023
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HB 2714 |
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Introduced by Representatives Hernandez M: Aguilar, Cano, Contreras L, Hernandez A, Hernandez C, Hernandez L, Longdon, Ortiz, Quiñonez, Sandoval, Stahl Hamilton, Travers
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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)
Be it enacted by the Legislature of the State of Arizona:
Section 1. Section 43-222, Arizona Revised Statutes, is amended to read:
43-222. 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, 43-1080, 43-1168, 43-1170 and 43-1178.
5. For years ending in 4 and 9, sections 43-1073.01, 43-1081.01, 43-1083.03, 43-1084, 43-1164.04, 43-1164.05 and 43-1184.
Sec. 2. Title 43, chapter 10, article 5, Arizona Revised Statutes, is amended by adding section 43-1080, to read:
43-1080. 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, 2023, 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.
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.