AZ HB2264

Increases the dependent exemption amount from $2,300 to $2,350 for taxable years beginning after December 31, 2018 through December 31, 2019.

Increases the dependent exemption amount to $2,400 for taxable years beginning after December 31, 2019 through December 31, 2020.

Requires the Department of Revenue to adjust the dependent exemption amount annually according to the average annual change in the metropolitan Phoenix consumer price index after December 31, 2020.

Makes technical corrections to statutory language, including replacing "defined" with "described" and "such" with "the" for clarity.