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Bill > SB1148


AZ SB1148

Income tax; rebate; seniors


summary

Introduced
01/22/2024
In Committee
02/26/2024
Crossed Over
Passed
Dead
06/15/2024

Introduced Session

Potential new amendment
Fifty-sixth Legislature - Second Regular Session (2024)

Bill Summary

An Act providing for an individual income tax general welfare rebate.

AI Summary

This bill provides for a one-time individual income tax general welfare rebate to Arizona taxpayers who were 55 years of age or older in 2022 and meet certain tax liability requirements. The rebate amount is $____, and the Department of Revenue will issue the rebates by November 15, 2024. Taxpayers who do not receive the rebate by November 15, 2025 can claim it by filing an application with the Department. The bill also allows taxpayers to subtract the rebate from their Arizona gross income, and it establishes an appeals process for any issues related to the rebate. The legislature finds that the rebate is necessary to mitigate the harmful impacts of high inflation on Arizona's seniors.

Committee Categories

Budget and Finance

Sponsors (12)

Last Action

Senate minority caucus: Do pass (on 02/27/2024)

bill text


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bill summary

Document Type Source Location
State Bill Page https://apps.azleg.gov/BillStatus/BillOverview/80604
Analysis - SENATE FACT SHEET: 02/27/2024 FICO-APPROP As Passed Committee Revised https://apps.azleg.gov/BillStatus/GetDocumentPdf/516294
Fiscal Note - FISCAL NOTE: As Amended by Senate APPROP https://apps.azleg.gov/BillStatus/GetDocumentPdf/516222
SENATE - Appropriations https://www.azleg.gov/legtext/56leg/2R/adopted/S.1148APPROP.DOCX.htm
Analysis - SENATE FACT SHEET: 02/21/2024 FICO-APPROP As Passed Committee https://apps.azleg.gov/BillStatus/GetDocumentPdf/515473
SENATE - Appropriations https://www.azleg.gov/legtext/56leg/2R/proposed/S.11480233.DOCX.htm
Analysis - SENATE FACT SHEET: 01/25/2024 FICO-APPROP https://apps.azleg.gov/BillStatus/GetDocumentPdf/513778
Analysis - SENATE FACT SHEET: 1/25/2024 FICO-APPROP https://apps.azleg.gov/BillStatus/GetDocumentPdf/512130
BillText https://www.azleg.gov/legtext/56leg/2r/bills/sb1148p.htm
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