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Current as of March 08, 2022 | Updated by FindLaw Staff
A. For taxable years beginning from and after December 31, 2007 through December 31, 2026, a credit is allowed against the taxes imposed by this title for cash contributions made by a taxpayer during the taxable year to the pre- 9/11 veterans subaccount or post- 9/11 veterans subaccount of the military family relief fund established by § 41-608.04. The amount of the credit is the lowest of the following amounts, as applicable:
1. The total amount of contributions to the pre- 9/11 veterans subaccount or post- 9/11 veterans subaccount, or both subaccounts, by the taxpayer during the taxable year.
2. Two hundred dollars of contributions during the taxable year by a taxpayer filing as a single individual or a head of household.
3. Four hundred dollars of contributions during the taxable year by a married couple filing a joint return.
4. The taxpayer's tax liability for the taxable year.
B. A husband and wife who file separate returns for a taxable year in which they could have filed a joint return may each claim only one-half of the tax credit that would have been allowed on a joint return.
Cite this article: FindLaw.com - Arizona Revised Statutes Title 43. Taxation of Income § 43-1086. Credit for donation to the military family relief fund subaccounts - last updated March 08, 2022 | https://codes.findlaw.com/az/title-43-taxation-of-income/az-rev-st-sect-43-1086/
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