Bill > HB2053

This bill creates a new tax credit for private landowners in Arizona who allow the federal government to use their land for constructing an international boundary wall. Specifically, landowners can claim a tax credit equal to the fair market value of the portion of their land used for wall construction, as determined by an appraisal paid for by the taxpayer. The credit can be applied against state income taxes, and if the credit exceeds the taxpayer's current tax liability, they can carry forward the unused portion for up to five consecutive tax years. For co-owned properties, each owner can claim a pro-rata share of the credit based on their ownership interest, but the total credits cannot exceed what would have been allowed for a sole owner. The bill adds this credit provision to two sections of Arizona tax law (sections 43-1080 and 43-1169) and updates the income tax credit review schedule to include these new credits. The legislative purpose is explicitly stated as supporting private landowners who are facilitating federal border wall construction on their property.

Budget and Finance

https://apps.azleg.gov/BillStatus/BillOverview/81711