Arizona Laws 43-1073.01. Dependent tax credit
A. A credit is allowed against the taxes imposed by this title for a taxable year for each dependent of a taxpayer as provided by this section.
Terms Used In Arizona Laws 43-1073.01
- Dependent: A person dependent for support upon another.
- Married person: means a married person on the last day of the taxable year subject to the rules in section 43-1002. See Arizona Laws 43-1001
- Nonresident: means every individual other than a resident. See Arizona Laws 43-104
- Person: means an individual. See Arizona Laws 43-1001
- Resident: includes :
(a) Every individual who is in this state for other than a temporary or transitory purpose. See Arizona Laws 43-104
- Single person: means any person who is not married or who was legally separated on the last day of the person's taxable year. See Arizona Laws 43-1001
- Taxable year: means :
(a) The calendar year or the fiscal year, ending during such calendar year, on the basis of which the taxable income is computed under this title. See Arizona Laws 43-104
- Taxpayer: means any person who is subject to a tax imposed by this chapter. See Arizona Laws 43-1001
B. For taxpayers whose federal adjusted gross income is less than $200,000 for a taxpayer who is a single person, a married person filing separately or a head of household or is less than $400,000 for a married couple filing a joint return, the amount of the credit is:
1. $100 for each dependent who is under seventeen years of age at the end of the taxable year.
2. $25 for each dependent who is at least seventeen years of age at the end of the taxable year.
C. For taxpayers whose federal adjusted gross income is $200,000 or more for a taxpayer who is a single person, a married person filing separately or a head of household or is $400,000 or more for a married couple filing a joint return, the amount of the credit is:
1. $100 minus five percent for each $1,000, or fraction thereof, by which the taxpayer’s federal adjusted gross income exceeds the applicable threshold provided in this subsection for each dependent who is under seventeen years of age at the end of the taxable year.
2. $25 minus five percent for each $1,000, or fraction thereof, by which the taxpayer’s federal adjusted gross income exceeds the applicable threshold provided in this subsection for each dependent who is at least seventeen years of age at the end of the taxable year.
D. In the case of a nonresident or part-year resident taxpayer, the credit allowed under this section is allowed in the percentage that the taxpayer’s Arizona gross income is of the federal adjusted gross income.