Bill > HB2019

This bill creates a new tax exemption for married individuals under 25 years old in Arizona, specifically allowing them to be exempt from state income tax for the entire taxable year, regardless of their income source. The bill modifies existing tax law by adding a new provision that exempts young married couples from income tax withholding and filing requirements, and it directs the Arizona Department of Revenue to establish a verification process to confirm eligibility for this exemption. The tax exemption will apply to taxable years beginning after December 31, 2026, giving the state time to prepare implementation procedures. Additionally, the bill makes a minor administrative change by updating the heading of the relevant tax code article from "DEDUCTIONS" to "DEDUCTIONS AND EXEMPTIONS" to reflect the new exemption. The purpose appears to be providing financial relief to young married couples, potentially to support economic stability and family formation among younger adults in the state.

Budget and Finance

https://apps.azleg.gov/BillStatus/BillOverview/83552