This bill proposes several updates to current statutes regarding the Arizona veterans' donations fund and individual income tax returns. Under the new provisions, the Arizona Department of Revenue (ADOR) would be required to include a space on the individual income tax return form for taxpayers to voluntarily contribute a portion of their refund to a veterans' organization that qualifies under 501(c)(19) of the Internal Revenue Code. Additionally, the bill mandates that after accounting for any debts, the designated contribution amount would be deducted from the taxpayer's refund and transferred to the Arizona Department of Veterans' Services (ADVS) for deposit into the veterans' donations fund.

Furthermore, the bill establishes a separate subaccount within the veterans' donations fund specifically for contributions made under the new provisions. The Director of ADVS would be responsible for allocating funds from this subaccount to qualified veterans' service organizations. The bill also allows taxpayers to make additional donations to the fund directly on their tax returns. These changes aim to enhance support for veterans' organizations and streamline the process for taxpayers wishing to contribute. The new provisions would take effect for taxable years beginning January 1, 2027.

Statutes affected:
Introduced Version: 41-608, 43-623, 28-2414, 28-2428, 28-2431, 28-2447, 28-2454, 28-2470.10, 28-2473, 28-2474, 28-2475, 28-2476, 43-620, 35-190, 41-608.01, 35-146, 35-147, 41-1363, 35-313
House Engrossed Version: 41-608, 43-623, 28-2414, 28-2428, 28-2431, 28-2447, 28-2454, 28-2470.10, 28-2473, 28-2474, 28-2475, 28-2476, 43-620, 35-190, 41-608.01, 35-146, 35-147, 41-1363, 35-313