SB 1633
income tax; subtraction; primary residence
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- Passed Senate
- Passed House
- To Governor
- Became Law
Bill overview
This bill modifies Arizona’s income tax rules to allow taxpayers to subtract certain expenses and income from their adjusted gross income. Specifically, it expands the list of deductible amounts, including benefits from federal retirement systems, certain medical expenses, contributions to qualified education savings plans, and some capital gains. The bill also includes provisions related to virtual currency and gas fees, and adjusts subtraction limits for medical expenses and education savings plans.
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