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Bill would launch study of state tax system

Arizona legislators may take an in-depth look at the state’s tax system, with an eye toward broadening the sales tax while phasing out the individual and corporate income taxes.

A bill scheduled for preliminary consideration by the House on Thursday would establish a study committee to study those ideas and submit a report by next October.

According to the legislation, phasing out the income taxes and making more sales subject to the sales tax would be aimed at producing a neutral impact on revenue.

Other stated goals would include mitigating the fiscal impact on local governments and simplifying and broadening the tax structures.

The bill is sponsored by House Majority Leader Steve Court. He sponsored unsuccessful legislation to flatten the individual income tax last year.

Copyright 2014 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.

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