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.

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.