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AZ HB2737
Bill
Status
2/13/2019
Primary Sponsor
Ben Toma
Click for details
AI Summary
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Amends Arizona Revised Statutes section 33-1126 to modify personal property exemptions from execution, attachment, or sale.
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Adds new exemption for federal tax credits: up to $1,000 from the refundable portion of the federal earned income tax credit and up to $1,000 from the additional refundable portion of the federal child tax credit, calculated after applying income tax withholding, tax payments, deposits, and nonrefundable credits to tax obligations.
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Makes minor grammatical and clarifying changes to existing exemption language regarding life insurance cash surrender values and annuity contracts.
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Clarifies language in the personal property homestead exemption to specify "at least eighteen years of age" rather than "eighteen years of age or over."
Legislative Description
Exempt property; proceeds; tax credits
Property Tax Exemptions
Last Action
House read second time
2/14/2019