This bill proposes updates to the Arizona Revised Statutes by adding new sections 43-1080 and 43-1169, which would establish tax credits for private landowners who allow the federal government to use their land for the construction of an international boundary wall. Specifically, the bill introduces provisions that allow taxpayers to claim a credit equal to the fair market value of the land used for this purpose, as determined by an appraisal. Co-owners of a business can claim a pro rata share of the credit based on their ownership interest, and if the credit exceeds the taxes due, it can be carried forward for up to five years.

The bill also amends existing sections of the tax code to incorporate these new credits, while retaining the current statutes that govern other tax credits. The intent of the legislation is to support private landowners who contribute to federal border security efforts by providing them with financial relief through tax incentives.

Statutes affected:
Introduced Version: 43-222, 43-1080, 43-1169, 43-1079.01, 43-1088, 43-1089.04, 43-1167.01, 43-1175, 43-1072.02, 43-1074.02, 43-1075, 43-1076.01, 43-1077, 43-1078, 43-1083, 43-1083.02, 43-1162, 43-1164.03, 43-1183, 43-1073, 43-1082, 43-1085, 43-1086, 43-1089, 43-1089.01, 43-1089.02, 43-1089.03, 43-1164, 43-1165, 43-1181, 43-1074.01, 43-1168, 43-1170, 43-1178, 43-1073.01, 43-1081.01, 43-1083.03, 43-1084, 43-1164.04, 43-1164.05, 43-1184, 32-3601