HB2636

Arizona HB2636 proposes changes to individual income tax rates and brackets, adjusting them based on the consumer price index.

Arizona HB2636 amends the individual income tax rates and brackets, setting specific tax rates for different income levels. It adjusts the income dollar amounts for each rate bracket according to the average annual change in the metropolitan Phoenix consumer price index. The bill specifies tax rates for various income ranges, affecting both single filers and married couples filing jointly. The changes apply to taxable years beginning from and after December 31, 2021, through December 31, 2026. The bill requires a two-thirds vote for enactment and is subject to the governor's signature.