The Arizona Revised Statutes have been updated to include the revised sections from the 56th Legislature, 1st Regular Session. Please note that the next update of this compilation will not take place until after the conclusion of the 56th Legislature, 2nd Regular Session, which convenes in January 2024.
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This online version of the Arizona Revised Statutes is primarily maintained for legislative drafting purposes and reflects the version of law that is effective on January 1st of the year following the most recent legislative session. The official version of the Arizona Revised Statutes is published by Thomson Reuters.
43-1027 - Subtraction for wood stoves, wood fireplace or gas fired fireplaces; definitions
43-1027. Subtraction for wood stoves, wood fireplace or gas fired fireplaces; definitions
A. For taxable years beginning from and after December 31, 1993, in computing Arizona adjusted gross income, a taxpayer may subtract from Arizona gross income an amount equal to the cost, exclusive of taxes, interest and other finance charges, but not more than five hundred dollars, for the conversion of an existing wood fireplace to a qualified wood stove, wood fireplace or gas fired fireplace and nonoptional equipment directly related to its operation on property that is located in this state.
B. For the purposes of this section:
1. "Permanently installed" means that the burner pan and associated equipment are affixed to the masonry or metal base of the fireplace.
2. "Qualified gas fired fireplace" means any of the following:
(a) Any device that burns natural or liquefied petroleum gas as its fuel through a burner system that is permanently installed in the fireplace.
(b) The conversion of an existing wood burning fireplace to noncombustible gas logs that are permanently installed in the fireplace.
3. "Qualified wood stove or wood fireplace" means any of the following:
(a) A residential wood heater that meets the standards of performance for new residential wood heaters manufactured on or after July 1, 1990 or sold at retail on or after July 1, 1992 pursuant to 40 Code of Federal Regulations part 60, subpart AAA.
(b) The conversion of an existing wood burning fireplace to a unit defined in subdivision (a) of this paragraph.