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AZ HB2737

Bill

Status

Introduced

2/13/2019

Primary Sponsor

Ben Toma

Click for details

Origin

House of Representatives

Fifty-fourth Legislature - First Regular Session (2019)

AI Summary

  • Amends Arizona Revised Statutes section 33-1126 to modify personal property exemptions from execution, attachment, or sale.

  • 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.

  • Makes minor grammatical and clarifying changes to existing exemption language regarding life insurance cash surrender values and annuity contracts.

  • 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

Full Bill Text

No bill text available