Arizona SB1861 amends various tax provisions, including credits, deductions, and exemptions, affecting income, property, and sales taxes.

Arizona SB1861 amends several sections of the Arizona Revised Statutes related to taxation. It modifies the dependent tax credit, allowing a credit for dependents under 17 years old and a reduced credit for those 17 and older. It adjusts the standard deduction amounts based on filing status and income levels. The bill also revises the credit for increased research activities, allowing a credit for qualified research expenses and basic research payments.

Arizona SB1861 amends various tax provisions, including credits, deductions, and exemptions, affecting income, property, and sales taxes.

Arizona SB1861 amends several sections of the Arizona Revised Statutes related to taxation. It modifies the dependent tax credit, allowing a credit for dependents under 17 years old and a reduced credit for those 17 and older. It adjusts the standard deduction amounts based on filing status and income levels. The bill also revises the credit for increased research activities, allowing a credit for qualified research expenses and basic research payments.