AZ HB2087

Creates a new income tax credit for taxpayers who incur qualifying expenses for care and support of a qualifying family member in the taxpayer's home, effective for taxable years beginning after December 31, 2018.

Limits eligibility to Arizona residents with gross income not exceeding $75,000 (single filer or married filing separately) or $150,000 (married filing jointly).

Credit amount equals 50% of qualifying expenses but not more than $1,000 per taxable year; qualifying expenses include home modifications, equipment purchases, and care services such as home care aides, adult day care, and transportation.

Defines qualifying family member as someone at least 18 years old who requires assistance with daily living activities (certified by a licensed physician) and is related to the taxpayer as spouse, descendant, stepchild, parent, stepparent, ancestor, sibling, uncle, or aunt.

Adds section 43-1073.01 to the income tax credit review schedule for legislative review in years ending in 3 and 8; unused credits do not carry forward or generate refunds.