To exclude the Arizona Families Tax Rebate from Federal income tax.

Bill: 118-hr-8016
Sponsor: full_name: Rep. Stanton, Greg [D-AZ-4]
Introduced: 2024-04-16
Policy area: Taxation
Latest action: action_date: 2024-04-16
text: Referred to the House Committee on Ways and Means.

Summaries:
action_date: 2024-04-16
action_desc: Introduced in House
text: <p>This bill excludes from gross income, for income tax purposes, any amount received by an individual taxpayer as an Arizona Families Tax Rebate payment (generally, $250 per dependent under age 17 and $100 per dependent over age 17 as claimed on the taxpayer's 2021 tax return).&nbsp;</p>

tv_txt: I 118th CONGRESS 2d Session H. R. 8016 IN THE HOUSE OF REPRESENTATIVES April 16, 2024 Mr. Stanton (for himself and Mr. Schweikert ) introduced the following bill; which was referred to the Committee on Ways and Means A BILL To exclude the Arizona Families Tax Rebate from Federal income tax.

1. Exclusion from gross income for Arizona Families Tax Rebate payments (a) In general For purposes of the Internal Revenue Code of 1986, gross income shall not include any amount received by an individual as an Arizona Families Tax Rebate payment. (b) Arizona Families Tax Rebate payment For purposes of this section, the term Arizona Families Tax Rebate Payment means any amount received by or on behalf of an individual— (1) pursuant to Arizona Senate Bill 1734, and (2) which is issued by the Arizona Department of Revenue with respect to the 2023 taxable year.