HB 2456 Summary

• Adds a new subtraction from Arizona gross income for individuals equal to the amount of any manufacturer's or retailer's rebate on the purchase price of a solar energy device, as defined in section 42-5001.

• Applies the solar rebate subtraction to corporate Arizona taxable income by amending section 43-1122 to include paragraph 33 of section 43-1022 in the list of allowable corporate subtractions.

• Allows taxpayers who receive solar energy device rebates and have those rebates included in their federal gross income to subtract those amounts when calculating Arizona income tax liability.