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Time to come to agreement on TPT reform

Time to come to agreement on TPT reform

One of the most controversial bills in this year’s legislative session is HB2657, TPT reform. The TPT (Transaction Privilege Tax) is Arizona’s sales tax program, and it has been more than 80 years in the making. Last year, Gov. Jan Brewer appointed a task force to examine ways to make the system simpler for businesses to comply with.

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Phoenix-area cities paying retention bonuses

Cities in metro Phoenix are paying millions of dollars in retention bonuses as they lay off employees, cut pay or raise taxes amid the recession. Compensation experts question the wisdom of retention bonuses as the state's 9.3 percent unemployment rate has drastically reduced turnover. Cities defend the bonuses as an incentive to retain employees and make up for stagnant wages.

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