AZ HB2579

Establishes a $1,000 annual income tax credit for low-income university and community college students in Arizona who meet eligibility requirements.

Requires students to be enrolled at an Arizona Board of Regents university or in-state community college and not claimed as a dependent on another person's tax return.

Requires students to complete the Free Application for Federal Student Aid (FAFSA) and meet eligibility criteria for a federal Pell Grant to qualify for the credit.

Allows excess credits that exceed income tax liability to be refunded to the taxpayer, subject to setoff provisions under Arizona tax law.

Adds section 43-1080 to the Arizona tax code and schedules the credit for legislative review in years ending in 4 and 9.