43-1021. Addition to Arizona gross income In computing Arizona adjusted gross income, the following amounts shall be added to Arizona gross income: 1. A beneficiary’s share of the fiduciary adjustment to the extent that the amount determined by section 43-1333 increases the beneficiary’s Arizona gross income. 2. An amount equal to the ordinary income portion […]
43-1022. Subtractions from Arizona gross income In computing Arizona adjusted gross income, the following amounts shall be subtracted from Arizona gross income: 1. The amount of exemptions allowed by section 43-1023. 2. Benefits, annuities and pensions in an amount totaling not more than $2, 500 received from one or more of the following: (a) The […]
43-1023. Exemptions for blind persons and persons sixty-five years of age or older A. A taxpayer is allowed an exemption of $1, 500: 1. For a taxpayer who is blind or if either the taxpayer’s central visual acuity does not exceed 20/200 in the better eye with correcting lenses or the taxpayer’s visual acuity is […]
43-1024. Americans with disabilities act access expenditures A. For taxable years beginning from and after December 31, 2017, in computing Arizona adjusted gross income, a subtraction is allowed under section 43-1022, paragraph 24 for eligible business access expenditures paid or incurred by the taxpayer during the taxable year in order to comply with the requirements […]
43-1025. Agricultural crops contributed to charitable organizations; definitions A. In computing Arizona taxable income a subtraction is allowed for qualified crop contributions during the taxable year to one or more charitable organizations. It is not considered to be a double deduction to include both costs of producing the crop and the subtraction in computing Arizona […]
43-1026. Additions and subtractions; Arizona small business income tax returns A taxpayer who elects to file an Arizona small business income tax return under section 43-302 for the taxable year may not make the additions or subtractions under section 43-1021 or 43-1022 to the taxpayer’s individual income tax return for amounts that are correctly made […]
43-1027. Subtraction for wood stoves, wood fireplace or gas fired fireplaces; definitions A. For taxable years beginning from and after December 31, 1993, in computing Arizona adjusted gross income, a taxpayer may subtract from Arizona gross income an amount equal to the cost, exclusive of taxes, interest and other finance charges, but not more than […]
43-1028. Sale of virtual currency or non-fungible tokens; calculation of gain or loss; gas fees; subtraction; definitions A. If a taxpayer has included in Arizona gross income a gain or loss on the sale of virtual currency or a non-fungible token and in calculating the gain or loss the taxpayer did not include in the […]
43-1029. Restoration of a substantial amount held under claim of right; computation of tax A. This section applies if: 1. An item of income was included in gross income for a prior taxable year or years because it appeared that the taxpayer had an unrestricted right to the item. 2. A deduction would be allowable […]
43-1121. Additions to Arizona gross income; corporations In computing Arizona taxable income for a corporation, the following amounts shall be added to Arizona gross income: 1. The amount of interest income received on obligations of any state, territory or possession of the United States, or any political subdivision thereof, located outside this state, reduced, for […]
43-1122. Subtractions from Arizona gross income; corporations In computing Arizona taxable income for a corporation, the following amounts shall be subtracted from Arizona gross income: 1. The excess of a partner’s share of income required to be included under section 702(a)(8) of the internal revenue code over the income required to be included under chapter […]
43-1123. Net operating loss; definition A. For the purposes of this section, " net operating loss" means: 1. In the case of a taxpayer who has a net operating loss for the taxable year within the meaning of section 172(c) of the internal revenue code, the amount of the net operating loss increased by the […]
43-1124. Americans with disabilities act access expenditures A. For taxable years beginning from and after December 31, 2017, in computing Arizona taxable income, a subtraction is allowed under section 43-1122, paragraph 21 for eligible business access expenditures paid or incurred by the taxpayer during the taxable year in order to comply with the requirements of […]
43-1125. Domestic international sales corporation A domestic international sales corporation, commonly referred to as " disc" , as defined in section 992 of the internal revenue code shall be taxed pursuant to the provisions of this chapter without regard to the provisions of sections 991 through 996 of the internal revenue code.
43-1126. Small business corporation; election as to taxable status; return; termination A. A small business corporation which makes an election for a taxable year pursuant to subtitle A, chapter 1, subchapter S of the internal revenue code is not subject to the taxes imposed by this chapter for such year but only to the extent […]
43-1127. Deferred exploration expenses The amount of exploration expenses added to Arizona gross income pursuant to section 43-1121, paragraph 10 may be subtracted on a ratable basis as the units of produced ores or minerals discovered or explored by reason of such expenditures are sold. An election made for any taxable year shall be binding […]
43-1129. Amortization of expenses incurred in acquisition of pollution control devices; depreciation A. Any taxpayer may elect to amortize the adjusted basis of any device, machinery or equipment for the collection and control at the source of atmospheric and water pollutants and contaminants based upon a period of sixty months. In computing Arizona taxable income, […]
43-1130. Amortization of the cost of child care facilities A. At the election of any corporate taxpayer operating a child care facility for the purpose of making profit, any expenditure made to purchase, construct, renovate or remodel child care facilities or equipment shall be allowable as a subtraction ratably over a period of sixty months, […]
43-1130.01. Restoration of a substantial amount held under claim of right; computation of tax A. This section applies if: 1. An item of income was included in gross income for a prior taxable year or years because it appeared that the taxpayer had an unrestricted right to the item. 2. A deduction would be allowable […]
43-1331. Additions to Arizona gross income; estates and trusts In computing Arizona taxable income of an estate or trust, the estate or trust’s share of the fiduciary adjustment shall be added to Arizona gross income to the extent that the amount determined pursuant to section 43-1333 increases the estate or trust’s Arizona gross income.
