ARIZONA STATE SENATE
Fifty-Seventh Legislature, First Regular Session
AMENDED
2025-2026; taxation; omnibus
Purpose
Extends, until June 30, 2029, the specified purposes for which a public school may use monies contributed for the purposes of the Public School Extracurricular Activity Fees Tax Credit. Increases, effective January 1, 2026, the business personal property tax exemption to $500,000. Exempts the property of a veteran with a service-connected disability whose U.S. Department of Veterans Affairs (VA) disability rating is 100 percent, or the veteran’s surviving spouse, from the full amount of property tax. Increases, for taxable years beginning January 1, 2026, the individual income tax subtraction for unreimbursed adoption expenses from $3,000 to $5,000 for a single individual or head of household and $10,000 for a married couple filing jointly or separately. Expands the transaction privilege tax (TPT) deduction and use tax exemption relating to pipes to include pipes or valves that are four inches in diameter or larger that are used to transport wastewater.
In short, if you are a Veteran with a 100% disability rating you could be elegable for this property tax benifit from Arizona.