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AZ HB2046

Bill

Official Source

Status

Introduced

1/12/2022

Primary Sponsor

Athena Salman

Click for details

Origin

House of Representatives

Fifty-fifth Legislature - Second Regular Session (2022)

AI Summary

  • Prohibits taxpayers from selling or transferring tax credits allowed under Title 20, Chapter 2, Article 1, Chapter 10, Article 5, or Chapter 11, Article 6.

  • Makes any income tax credits enacted after December 31, 2022 non-refundable.

  • Excludes net long-term capital gains from the sale of charter schools from the 25% subtraction allowed for other long-term capital gains acquired after December 31, 2011.

  • Applies the charter school capital gains exclusion retroactively to taxable years beginning after December 31, 2021.

Legislative Description

Income tax; credits; subtractions

Tax Credits

Last Action

House read second time

1/13/2022

Committee Referrals

Rules1/12/2022
Commerce1/12/2022
Ways and Means1/12/2022

Full Bill Text

No bill text available