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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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