Bill Text: AZ HB2494 | 2016 | Fifty-second Legislature 2nd Regular | Introduced

Bill Title: Tax credit; concealed weapon permits

Spectrum: Partisan Bill (Republican 1-0)

Status: (Introduced - Dead) 2016-02-08 - Referred to House RULES Committee [HB2494 Detail]

Download: Arizona-2016-HB2494-Introduced.html




REFERENCE TITLE: tax credit; concealed weapon permits




State of Arizona

House of Representatives

Fifty-second Legislature

Second Regular Session




HB 2494


Introduced by

Representative Montenegro





Amending section 43-222, Arizona Revised Statutes; amending title 43, chapter 10, article 5, Arizona Revised Statutes, by adding section 43-1075; relating to individual income tax credits.





Be it enacted by the Legislature of the State of Arizona:

Section 1.  Section 43-222, Arizona Revised Statutes, is amended to read:

START_STATUTE43-222.  Income tax credit review schedule

The joint legislative income tax credit review committee shall review the following income tax credits:

1.  For years ending in 0 and 5, sections 43‑1079.01, 43‑1087, 43‑1088, 43-1089.04, 43‑1167.01 and 43‑1175.

2.  For years ending in 1 and 6, sections 43‑1074.02, 43-1075, 43‑1083, 43‑1083.02, 43‑1085.01, 43‑1164.02, 43-1164.03 and 43‑1183.

3.  For years ending in 2 and 7, sections 43‑1073, 43‑1079, 43‑1080, 43‑1085, 43‑1086, 43‑1089, 43‑1089.01, 43‑1089.02, 43-1089.03, 43‑1090, 43‑1164, 43‑1167, 43‑1169, 43‑1176 and 43‑1181.

4.  For years ending in 3 and 8, sections 43‑1074.01, 43‑1081, 43‑1168, 43‑1170 and 43‑1178.

5.  For years ending in 4 and 9, sections 43‑1076, 43‑1076.01, 43‑1081.01, 43‑1083.01, 43‑1083.04, 43‑1084, 43‑1162, 43‑1162.01, 43‑1164.01, 43‑1164.05, 43‑1170.01 and 43-1184 and, beginning in 2019, sections 43‑1083.03 and 43‑1164.04. END_STATUTE

Sec. 2.  Title 43, chapter 10, article 5, Arizona Revised Statutes, is amended by adding section 43-1075, to read:

START_STATUTE43-1075.  Credit for costs of permit to carry a concealed weapon

A.  For taxable years beginning from and after December 31, 2015, a credit is allowed against the taxes imposed by this title for the costs incurred during the taxable year for training courses or classes taken by the taxpayer or by the spouse or a dependent of the taxpayer for the purposes of applying and qualifying for a permit to carry a concealed weapon pursuant to section 13-3112.  The amount of the credit shall not exceed eighty dollars with respect to the taxpayer, the spouse and each dependent.  The credit is not allowed with respect to any person who fails to qualify or who is denied a permit under section 13-3112.

B.  If the amount of the credit exceeds the taxes otherwise due under this title on the claimant's income, or if there are no taxes due under this title, the taxpayer may carry forward the amount of the claim not used to offset the taxes under this title for not more than five consecutive taxable years' income tax liability.

C.  the department may prescribe required documentary evidence to confirm the qualification for and amount of the credit allowed by this section. END_STATUTE

Sec. 3.  Purpose

Pursuant to section 43-223, Arizona Revised Statutes, the purpose of section 43-1075, Arizona Revised Statutes, as added by this act is to promote public safety by easing the cost of obtaining and maintaining permits to carry concealed weapons.

Sec. 4.  Retroactivity

Section 43-1075, Arizona Revised Statutes, as added by this act, applies retroactively to from and after December 31, 2015.