Quantcast
Home / Governor's Office / Brewer must act Wednesday on tax cut bills

Brewer must act Wednesday on tax cut bills

Arizona Gov. Jan Brewer (Photo by Evan Wyloge/Arizona Capitol Times)

Arizona Gov. Jan Brewer (Photo by Evan Wyloge/Arizona Capitol Times)

Gov. Jan Brewer is set to act on the three remaining bills from the 2013 Arizona Legislature’s session.

Brewer faces a Wednesday deadline to sign or veto the bills. They put in place tax breaks or credits totaling more than $90 million a year by 2015.

They include the automatic adjustment of tax brackets for inflation that will cost about $11 million a year and an increased research tax credit worth $10 million. The biggest cuts lift a cap in the amount of depreciation small and medium-sized businesses can claim instantly on new equipment. That provision is expected to save businesses nearly $71 million this year.

The bills were among a large number of tax cut proposals introduced this year. Only a handful made it to the governor’s desk.

Copyright 2016 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.

Leave a Reply

Your email address will not be published. Required fields are marked *

*

 

x

Check Also

film-movie-web

Studio 48 expected to attract film projects into Arizona

The new Arizona Office of Film and Media is expected to help promote and attract film and media industry projects into the state.