Code · Arizona · Title 43 — Revenue and Taxation

43-223. Requirements for new income tax credits established by the legislature

70 words·~1 min read·/az/title-43/43-223

A research copy — for the controlling text, always check the official state or federal source. Not legal advice.

Any new individual or corporate income tax credit that is enacted by the legislature shall include in its enabling legislation:

1. A specific review year for the joint legislative income tax credit review committee to review the credit. The specific review year shall be the fifth full calendar year following the date the credit is enacted.

2. A purpose clause that explains the rationale and objective of the tax credit.