State SealARIZONA HOUSE OF REPRESENTATIVES

 

SB 1027: tax credit; charitable organizations; eligibility

PRIME SPONSOR: Senator Leach, LD 11

BILL STATUS: Ways & Means

 

Overview

Expands the tax credit for contributions to qualifying organizations who spend its services on individuals, rather than children, who have a chronic illness or physical disability.☐ Prop 105 (45 votes) ☐ Prop 108 (40 votes) ☐ Emergency (40 votes) ☐ Fiscal Note

History

Current law allows an individual tax credit for voluntary cash contributions by a taxpayer or on the taxpayer's behalf to a qualifying charitable organization not to exceed $400 for a single individual or head of household or $800 for a married couple filing a joint return. (A.R.S. § 43-1088)

Qualifying charitable organization is defined as a charitable organization that is exempt from a federal income taxation under 501(c)(3) of the Internal Revenue Code or is a designated community action agency that receives Community Services Block Grant Program pursuant to 42 U.S.C. § 9901. The organization must spend at least 50 percent of its budget on services to residents of Arizona who receive temporary assistance for needy families benefits, low-income residents of Arizona and their households or to children who have a chronic illness or physical disability and who are residents of Arizona. (A.R.S. § 43-1088)

Provisions

1.       Expands the tax credit for contributions to qualifying organizations who spend at least 50 percent of its budget on services to individuals, rather than children, who have a chronic illness or physical disability and who are residents of Arizona. (Sec. 1)

2.       Defines individuals who have a chronic illness or physical disability as individual whose primary diagnosis is a severe physical condition that may require ongoing medical or surgical intervention. (Sec. 1)

3.       Applies retroactively to taxable years beginning from and after December 31, 2018. (Sec. 2)

4.       Makes technical changes. (Sec. 1)

5.        

6.        

7.       ---------- DOCUMENT FOOTER ---------

8.       Fifty-fourth Legislature                       SB 1027

9.       First Regular Session                            Version 1: Ways & Means

10.    

11.   ---------- DOCUMENT FOOTER ---------