Bill Text: AZ HB2339 | 2010 | Forty-ninth Legislature 2nd Regular | Introduced
Bill Title: Tax credit; state militia; ammunition
Spectrum: Partisan Bill (Republican 10-0)
Status: (Introduced - Dead) 2010-01-20 - Referred to House WM Committee [HB2339 Detail]
Download: Arizona-2010-HB2339-Introduced.html
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REFERENCE TITLE: tax credit; state militia; ammunition |
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State of Arizona House of Representatives Forty-ninth Legislature Second Regular Session 2010
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HB 2339 |
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Introduced by Representatives Antenori, Gowan: Burges, Crump, Hendrix, Jones, Montenegro, Seel, Stevens, Senator Nelson
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AN ACT
Amending section 43-222, Arizona Revised Statutes; amending title 43, chapter 10, article 5, Arizona Revised Statutes, by adding section 43-1072.02; relating to individual income tax credits.
(TEXT OF BILL BEGINS ON NEXT PAGE)
Be it enacted by the Legislature of the State of Arizona:
Section 1. Section 43-222, Arizona Revised Statutes, is amended to read:
43-222. Income tax credit review schedule
The joint legislative income tax credit review committee shall review the following income tax credits:
1. For years ending in 0 and 5, sections 43-1072.02, 43‑1075, 43‑1075.01, 43‑1079.01, 43‑1087, 43‑1088, 43‑1090.01, 43‑1163, 43‑1163.01, 43‑1167.01, 43‑1175 and 43‑1182.
2. For years ending in 1 and 6, sections 43‑1074.02, 43‑1083, 43‑1085, 43‑1164 and 43‑1183.
3. For years ending in 2 and 7, sections 43‑1073, 43‑1079, 43‑1080, 43‑1086, 43‑1089, 43‑1089.01, 43‑1089.02, 43‑1090, 43‑1167, 43‑1169, 43‑1176 and 43‑1181.
4. For years ending in 3 and 8, sections 43‑1074.01, 43‑1081, 43‑1168, 43‑1170 and 43‑1178.
5. For years ending in 4 and 9, sections 43‑1076, 43‑1081.01, 43‑1083.01, 43‑1084, 43‑1162, 43‑1164.01, and 43‑1170.01 and 43‑1184.
Sec. 2. Title 43, chapter 10, article 5, Arizona Revised Statutes, is amended by adding section 43-1072.02, to read:
43-1072.02. Credit for transaction privilege tax on sales of state militia ammunition
A. For taxable years beginning from and after December 31, 2010, a credit is allowed against the taxes imposed by this chapter in mitigation of state transaction privilege taxes on retail sales of ammunition to members of the militia of the state of Arizona according to title 26, chapter 1, article 2.
B. The amount of the credit:
1. Is equal to the amount of state transaction privilege tax assessed pursuant to title 42, chapter 5 on the retail sale during the taxable year of not more than:
(a) One hundred rounds of ammunition, all of the same caliber, to the taxpayer who is a member of the state militia.
(b) One hundred rounds of ammunition, all of the same caliber, to each dependent claimed on the taxpayer's return who is a member of the state militia.
2. Shall not exceed the taxpayer's net tax liability for the taxable year after subtracting all other applicable credits under this chapter.
C. The department shall make available suitable forms with instructions for claimants. The claim must be submitted on the prescribed form with the claimant's income tax return. The form shall require the submission of:
1. Documentary evidence that the claimant and each claimed dependent are members of the state militia.
2. Sales receipts or other documentation to verify the transaction and the amount of transaction privilege tax paid.
Sec. 3. Purpose
Pursuant to section 43-223, Arizona Revised Statutes, the income tax credit enacted in section 43-1072.02, Arizona Revised Statutes, as added by this act, is intended to mitigate the cost of membership in the militia of the state of Arizona.
