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Arizona ballot measure set business equipment tax (access required)

Arizona voters will decide in November whether to give businesses a break on property tax paid on newly acquired business equipment. Unanimously House approval of a resolution on Monday completes legislative action on the general election referendum on the proposed state constitutional amendment.

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Proposed curb on punitive damage suits — economic development tool or bad for consumers?

Big business and consumer-rights advocates are squaring off over a bill that would significantly limit the ability of people to sue a manufacturer whose products might pose risks to the public. The legislation would shield manufacturers from punitive damage claims — the most aggressive legal recourse allowed against manufacturers — unless very specific negligence can be demonstrated.

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Film tax credit gets OK from Senate (access required)

A proposal to create a new tax credit for film productions split Republicans but managed to garner just enough support to pass today in the Senate. The debate over measure, which still needs the House’s approval, illuminates a deep divide that is plaguing the majority party over how best to set the conditions for a robust economy.

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BLM to hold meetings on NM-Ariz. power line

The public will have a chance to chime in on a proposed high-voltage power line that would run through New Mexico and Arizona. The Bureau of Land Management has scheduled a series of open house meetings in both states on an electrical transmission line that could provide up to 2,500 megawatts of electricity.

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