AZ HB2496

Amends section 43-1089 of Arizona Revised Statutes to allow school tuition tax credit contributions made on or before the fifteenth day of the fourth month following the close of a taxable year to be applied to either the current or preceding taxable year.

Contributions claimed under this provision are considered made on the last day of the taxable year for which the credit is claimed.

Maintains existing tax credit limits: $500 for single individuals or heads of household, $825 for married couples in 2005, and $1,000 for married couples in 2006 and subsequent years.

Applies retroactively to taxable years beginning after December 31, 2009.