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Tag Archives: Prop. 116

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Property tax measure faces no opposition

A years-long quest to drastically lower property taxes on business equipment is finally on the ballot, without even a hint of organized opposition. Proposition 116 would amend the Arizona Constitution to raise the limit on the amount of business personal property that is exempt from property taxes. The ballot measure would raise the exemption from $68,000 to the equivalent of the average annual earnings of 50 workers, which comes out to about $2.4 million.

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