SB 1148 — income tax; rebate; seniors

REFERENCEFifty-sixth TITLE:Legislature Appropriations Second Regular Session S.B.

income1148 tax;PROPOSED SENATE AMENDMENTS TO S.B.

rebate;1148 (Reference to printed bill) Page 1, line 9, strike "fifty-five" insert "sixty-five" Line 36, strike "$______" insert "$250" Line 37, strike " fifty-five" insert "sixty-five" Page 2, line 12, strike "______" insert "1148" Page 3, line 6, strike "fifty-five" insert "sixty-five" Amend title to conform ANTHONY KERN 11480233.docx 02/15/2024 02:33 PM S:

seniorsMG/JC/slp State of Arizona Senate Fifty-sixth Legislature Second Regular Session SB 1148 Introduced by Senators Kern:

Hoffman, Mesnard, Rogers, Wadsack;

Representatives Chaplik, Heap, Hendrix, Jones, McGarr, Pingerelli, Smith AN ACT PROVIDING FOR AN INDIVIDUAL INCOME TAX GENERAL WELFARE REBATE.

(TEXT OF BILL BEGINS ON NEXT PAGE) - i - SB 1148 Be it enacted by the Legislature of the State of Arizona:

Section 1.

Individual income tax general welfare rebate;

eligibility;

claim application;

subtraction from Arizona gross income;

appeal;

report;

legislative findings;

delayed repeal;

definitions A.

The department of revenue shall issue a onetime individual income tax general welfare rebate to an Arizona taxpayer who filed a full-year resident tax return for taxable year 2022, was fifty-five years of age or older during taxable year 2022 and who meets one of the following qualifications:

1.

Had a tax liability of at least $1 on the filed full-year resident tax return for taxable year 2022.

2.

If the taxpayer does not meet the tax liability requirement for taxable year 2022, filed a full-year resident tax return for taxable year 2021 under the identical filing status used on the taxpayer's taxable year 2022 full-year resident tax return and had a tax liability of at least $1 on the full-year resident tax return for taxable year 2021.

3.

If the taxpayer does not meet the tax liability requirement for taxable year 2022 or 2021, filed a full-year resident tax return for taxable year 2020 under the identical filing status used on the taxpayer's full-year resident tax returns for taxable years 2021 and 2022 and had a tax liability of at least $1 on the full-year resident tax return for taxable year 2020.

B.

If the taxpayer does not meet any of the requirements in subsection A of this section, the department of revenue shall conclude that the taxpayer does not meet the criteria to be issued a rebate under this section.

C.

One rebate will be issued for each full-year resident tax return for taxable year 2022 that qualifies under subsection A of this section.

The primary taxpayer's taxpayer identification number as reported on the taxpayer's full-year resident tax return for taxable year 2022 shall be used as needed in subsection A of this section for matching and verification purposes.

D.

The department of revenue shall issue to a qualifying taxpayer a rebate of $____.

For a married couple filing a joint return where only one spouse is fifty-five years of age or older, a rebate will be only issued for that spouse.

E.

If a qualifying taxpayer is deceased, the taxpayer's surviving spouse, personal representative or executor or another official representative of the estate designated pursuant to applicable state law may receive the rebate for the deceased taxpayer.

- 1 - SB 1148 F.

The department of revenue shall pay all rebates issued pursuant to this section on or before November 15, 2024 but not earlier than October 15, 2024.

The department shall attempt to pay a qualifying taxpayer's rebate by electronic funds transfer using the routing and account information provided by the taxpayer on the taxpayer's full-year resident tax return for taxable year 2022 or more recent routing and account information provided by the taxpayer.

If such attempt fails, or if the taxpayer did not provide such routing and account information, the department shall issue the rebate check by mail to the most recent home address provided by the taxpayer.

Any notification from the department that relates to the rebate issued under this section shall state the following:

"This rebate is being issued pursuant to Senate Bill ______, as passed by the fifty-sixth legislature, second regular session, and signed into law by the governor." Any communication issued relating to the rebate issued under this section may not be sent from the governor's office, be sent on the governor's letterhead or reference the governor's office.