AZ SB1103

Amends section 43-1088 of Arizona Revised Statutes to modify the definition of "qualifying foster care charitable organization" by expanding the definition of eligible beneficiaries from "foster children" to include persons under 21 years of age participating in transitional independent living programs under section 8-521.01.

Increases the tax credit limits for contributions to qualifying foster care charitable organizations from $400 to $400 for single individuals/heads of household and from $800 to $800 for married couples filing jointly (maintains existing limits).

Changes terminology throughout the statute from "foster children" to "qualified individuals" when describing beneficiaries of foster care charitable organizations to encompass both foster children and transitional independent living program participants.

Clarifies that "qualified individual" means a foster child as defined in section 8-501 or a person under 21 years of age participating in a transitional independent living program.

Effective date: April 10, 2015 (approved by the Governor).