Bill > SB1496

This bill modifies Arizona's tax credit system for charitable contributions by updating the existing law on tax credits for donations to qualifying charitable organizations. The bill maintains separate tax credit limits for contributions to general charitable organizations and foster care charitable organizations, with individuals able to claim up to $400 (or $800 for married couples) for general charitable contributions, and up to $500 (or $1,000 for married couples) for foster care charitable contributions. The bill introduces several key changes, including expanding the definition of "services" to include behavioral health services, workforce readiness, and development programs, and clarifying the criteria for qualifying charitable organizations. It requires organizations to provide detailed written certifications about their budget, services, and commitment to supporting low-income residents, temporary assistance recipients, or individuals with chronic illnesses. The bill also adds a new definition of "direct" to include financial or in-kind assistance to qualifying charitable organizations. Importantly, the bill maintains a restriction that qualifying organizations cannot provide, pay for, or support abortion services. The tax credit can be carried forward for up to five consecutive years if it exceeds the taxpayer's current tax liability, and the dollar amounts will be adjusted annually based on the Phoenix metropolitan consumer price index.

Budget and Finance

https://apps.azleg.gov/BillStatus/BillOverview/82921