Bill > HB2900

This bill: - Amends the state property tax assistance program to gradually increase the percentage of the qualifying tax rate that is used to provide additional state aid for education from 47.19% to 50% starting in 2022. - Increases the maximum weekly unemployment benefits from $240 to $320 starting in 2022 and adjusts the amount deducted from benefits for wages earned. - Extends the duration of unemployment benefits from 26 weeks to 24 weeks if the unemployment rate is less than 5%, and maintains the 26-week duration if the rate is 5% or more. - Requires the Department of Economic Security to implement fraud prevention measures for the unemployment insurance program. - Adjusts the state individual income tax rates, lowering the top rate from 4.5% to 2.5% over time based on state general fund revenue thresholds. - Increases the standard deduction amounts and provides a 25% increase to the standard deduction for charitable contributions. - Establishes new tax credits for businesses that process qualifying forest products from certified healthy forest projects. - Extends the tax credit for contributions to school tuition organizations and increases the maximum scholarship amounts. - Expands eligibility for scholarships from corporate donation programs to include additional student categories. - Makes various other changes to state tax laws and programs.

Budget and Finance

https://apps.azleg.gov/BillStatus/BillOverview/76134