AZ HB4095

Imposes a 3.5% additional income tax on federal adjusted gross income exceeding $250,000 for single filers and $500,000 for married couples filing jointly, effective for taxable years beginning after December 31, 2026

Allocates 50% of the new tax revenue to the classroom site fund (supporting teacher compensation, class size reduction, and student support services) and 50% to the emergency deficiencies correction fund for school facilities

Repeals an existing income tax provision (section 43-1011 as amended by Laws 2021, chapter 411) while establishing the new tax structure under section 43-1015

Requires a two-thirds vote in both legislative chambers to take effect, or three-fourths vote to override a gubernatorial veto, per Arizona Constitution Article IX, Section 22

Stipulates that new emergency deficiencies correction fund revenues must supplement, not replace, existing funding sources for school facilities