This bill proposes updates to the Arizona Revised Statutes by amending section 43-403 and adding section 43-1043 to title 43, chapter 10, article 4. The article heading will change from "DEDUCTIONS" to "DEDUCTIONS AND EXEMPTIONS." A new exemption will be introduced for individuals under twenty-five years of age who are married to another individual under twenty-five, exempting them from income tax for that taxable year, regardless of income source. Additionally, the Department will be tasked with establishing a process to verify eligibility for this exemption.

The bill specifies that these changes will apply to taxable years beginning after December 31, 2026. Current statutes remain unchanged, with the new provisions and the article heading adjustment being the primary updates if the bill becomes law.

Statutes affected:
Introduced Version: 43-403, 43-1043, 43-104, 42-1130, 43-1096, 43-401