From East Valley Tribune:

Rep. Steve Court, R-Mesa, who crafted HB 2636, said it is designed so the state takes in just as much as it would under the current system. What that means, he said, is there will be winners — and losers.

One group are those who reduce their taxable income by the amount of interest they pay on their home mortgages. Charitable deductions also will be gone.

But Court’s proposal, in eliminating the personal exemptions and standard deductions, would affect those who have, until now, owed no state taxes at all. Generally speaking, a couple with at least one dependent with a federal adjusted gross income of about $15,000 a year have been able to reduce their state tax liability to zero.

No more. And Court said that is by design, even though the federal poverty level for a family of three is $18,310 a year.

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