AZ HB2641

Amends Arizona income tax law to create a separate tax credit for contributions to qualifying foster care charitable organizations, in addition to the existing charitable contributions credit.

Allows single individuals and heads of household to claim up to $400 annually for foster care charitable contributions, and married couples filing jointly to claim up to $800 annually (double the limits for general charitable contributions).

Permits taxpayers to claim both the general charitable contributions credit and the new foster care charitable contributions credit in the same taxable year, with contributions counted separately under each credit's dollar limits.

Defines "qualifying foster care charitable organization" as a qualifying charitable organization that serves at least 200 qualified foster children or transitional independent living program participants annually and spends at least 50% of its budget on these services in Arizona.

Applies retroactively to taxable years beginning after December 31, 2015.