This bill proposes to amend existing 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 taxpayer's tax liability, it can be carried forward for up to five years.

In addition to these new provisions, the bill retains existing language in sections 43-1079.01, 43-1088, 43-1089.04, 43-1167.01, and 43-1175 for years ending in 0 and 5, as well as sections 43-1073, 43-1082, 43-1085, 43-1086, 43-1089, 43-1089.01, 43-1089.02, 43-1089.03, 43-1164, and 43-1165 for years ending in 2 and 7. The bill aims to support private landowners who contribute to national security efforts by allowing the federal government to utilize their land for the construction of the boundary wall.

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