This bill proposes to amend Section 43-1022 of the Arizona Revised Statutes, which currently allows for a subtraction from individual income tax for unreimbursed medical and hospital costs, adoption counseling, legal and agency fees, and other nonrecurring costs of adoption. The amendment introduces new language to include "human embryo adoption" as a qualifying expense.

Additionally, the bill specifies that for human embryo adoptions, the subtraction can only be claimed in the year when the legal transfer of the human embryo to the adopting parent occurs, rather than solely in the year the final adoption order is granted. The act will be officially titled the "Investing in Life Act."

Statutes affected:
Introduced Version: 43-1022