AZ HB2908

Amends Arizona Revised Statutes section 33-1126 to clarify that money received by surviving spouses or children is exempt from execution and attachment, with a limit of more than $20,000.

Adds new exemption for all federal and state personal income tax credits, including earned income tax credits and child tax credits, up to the lesser of total refunds or total credits claimed on the return.

Maintains existing exemptions for earnings of minor children, child support and spousal maintenance, disability and health insurance proceeds, life insurance cash surrender value, annuity contracts, and college savings plans under section 529 of the Internal Revenue Code.

Exempts $5,000 held in a single financial institution account, adjusted annually beginning January 1, 2024 based on the consumer price index, rounded to the nearest $100.

Allows persons age 18 or older who do not exercise homestead exemption to claim prepaid rent and security deposits as personal property homestead exempt, with a limit of more than $2,000.