Arizona HB2153 amends tax laws to conform to federal changes and introduces new deductions and credits.
Arizona HB2153 amends various sections of the Arizona Revised Statutes to align with changes in the Internal Revenue Code. It modifies the definition of "internal revenue code" to include specific provisions from recent federal acts. The bill introduces new deductions for distributions from pension or retirement accounts, charitable contributions, and educational expenses. It also adjusts the standard deduction and modifies the dependent tax credit based on federal adjusted gross income.
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