HB 2843 Summary

• Amends Arizona Revised Statutes section 43-1022 to allow income tax subtraction for retired or retainer pay of uniformed services of the United States received by honorably discharged veterans.

• Creates a new paragraph 37 providing that the full amount of veterans' military retirement or retainer pay may be subtracted from Arizona gross income with no dollar limit.

• Relocates the existing subtraction for military retired or retainer pay from paragraph 2(a) to new paragraph 37, establishing it as a separate, unlimited deduction for eligible honorably discharged veterans.

• Maintains the existing $2,500 annual limit on other federal benefits, annuities, and pensions under paragraph 2 while removing military pay from that capped provision.