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Home / Capitol Insiders / Lawmakers, group want to hand big tax break to businesses (access required)

Lawmakers, group want to hand big tax break to businesses (access required)

Businesses planning on purchasing new machinery in 2013 or later may get some tax relief under a referendum at the state Legislature. HCR 2009, sponsored by Rep. Jack Harper, R-Surprise, and developed by the Arizona chapter of the National Federation of Independent Businesses would exempt the first $2.4 million of new equipment or machinery purchased after 2013 from the business personal property tax. Currently, the exemption is $68,079.

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