AZ SB1156

Establishes the adoptive parent grant fund administered by the department of child safety to provide $1,000 grants per adoption on a first-come, first-served basis, beginning December 31, 2024.

Appropriates $4,000,000 from the state general fund in fiscal year 2023-2024 to the adoptive parent grant fund, with monies exempt from lapsing appropriation provisions.

Increases the income tax subtraction for adoption-related costs from $3,000 to $40,000 for taxable years beginning January 1, 2024 through December 31, 2024, then returns to $3,000 for taxable years after December 31, 2024.

Allows married couples filing separately to claim adoption cost subtractions either individually or divided between them, with the same annual limits applying to both spouses combined.

Exempts the department of child safety from rulemaking requirements under title 41, chapter 6 for one year after the effective date to facilitate implementation of the grant program.