Arizona § 43-223 Requirements for new income tax credits established by the legislature

Arizona Statutes

§ 43-223 — Requirements for new income tax credits established by the legislature

Arizona § 43-223

Title 43Arizona Revised Statutes

Ch. 2ADMINISTRATION

Art. 2Income Tax Credit Review

This text of Arizona § 43-223 (Requirements for new income tax credits established by the legislature) is published on Counsel Stack Legal Research, covering Arizona primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Ariz. Rev. Stat. Ann. § 43-223 (2026).

Text

Any new individual or corporate income tax credit that is enacted by the legislature shall include in its enabling legislation:

1.A specific review year for the joint legislative income tax credit review committee to review the credit. The specific review year shall be the fifth full calendar year following the date the credit is enacted.

2.A purpose clause that explains the rationale and objective of the tax credit.

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Any new individual or corporate income tax credit that is enacted by the legislature shall include in its enabling legislation:

1. A specific review year for the joint legislative income tax credit review committee to review the credit. The specific review year shall be the fifth full calendar year following the date the credit is enacted.

2. A purpose clause that explains the rationale and objective of the tax credit.