AZ HB2501

Allows taxpayers to claim an additional dependent tax credit amount for pregnancy during the taxable year before birth, prorated based on the number of months pregnant during that year.

The additional credit for pregnant taxpayers equals the amount allowed for a dependent under seventeen years of age, with the amount applied in the taxable year the dependent is born.

Applies the pregnancy credit provision to both the standard credit ($100 per dependent under seventeen) and the reduced credit amounts for higher-income taxpayers.

Effective for taxable years beginning after December 31, 2022.