income tax; subtraction; primary residence

Summary

SB 1633 amends the state tax code to add new categories of income and expenses that can be subtracted when calculating Arizona adjusted gross income. It affects individual and business taxpayers by reducing taxable income for items such as certain retirement benefits, military reserve pay, adoption costs, qualified wood‑stove equipment, and specific depreciation calculations. The changes aim to provide broader tax relief and align state deductions with federal provisions.

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