43-1073. Family income tax credit


A. Subject to the conditions prescribed by this section, a credit is allowed
against the taxes imposed by this chapter for a taxable year for taxpayers whose Arizona
adjusted gross income, plus the amount subtracted for exemptions under section 43-1023,
is:


1. Twenty thousand dollars or less in the case of a married couple filing a joint
return with no more than one dependent or a single person who is a head of a household
with no more than one dependent.


2. Twenty-three thousand six hundred dollars or less in the case of a married
couple filing a joint return with two dependents.


3. Twenty-seven thousand three hundred dollars or less in the case of a married
couple filing a joint return with three dependents.


4. Thirty-one thousand dollars or less in the case of a married couple filing a
joint return with four or more dependents.


5. Twenty thousand one hundred thirty-five dollars or less in the case of a single
person who is a head of a household with two dependents.


6. Twenty-three thousand eight hundred dollars or less in the case of a single
person who is a head of a household with three dependents.


7. Twenty-five thousand two hundred dollars or less in the case of a single person
who is a head of a household with four dependents.


8. Twenty-six thousand five hundred seventy-five dollars or less in the case of a
single person who is a head of a household with five or more dependents.


9. Ten thousand dollars or less in the case of a single person or a married person
filing separately.


B. The amount of the credit is equal to forty dollars for each person who is a
resident of this state and for whom a personal or dependent exemption is allowed with
respect to the taxpayer pursuant to section 43-1043 and 43-1023, subsection B, paragraph
1, but not to exceed:


1. Two hundred forty dollars in the case of a married couple filing a joint return
or a single person who is a head of a household.


2. One hundred twenty dollars in the case of a single person or a married couple
filing separately.


3. For any taxpayer, the amount of taxes due under this chapter for the taxable
year.