Arizona certainly needs property tax reform. We have the most complicated and complex property tax system in the nation, one that produces unpredictable and inexplicable property tax bills for homeowners and businesses. With a “share of the pie” system driven not by what your property is worth, but rather how much money the taxing districts want to spend, you are always one tax bill away from an unaffordable property tax problem.Read More »
An influential tax policy group will seek to put a measure on the ballot to limit growth in property values.
The Arizona Tax Research Association wants taxable property values to grow by no more than 5 percent each year.
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.Read More »
Gov. Jan Brewer is looking to build on last year’s tax cuts with a handful of changes aimed at fixing “problem areas” in the state’s tax code.
Michael Hunter, Brewer’s lobbyist, outlined the changes the governor wants to make at an Arizona Commerce Authority Board meeting on Wednesday.
Building on last year's big "competitiveness" package of tax cuts for businesses, Republican Gov. Jan Brewer is offering a new, smaller package of proposed changes that she says will address so-called "problem areas."Read More »
Maricopa County has decided to push back against the multi-million dollar contributions the state has forced it and four other counties to provide during the past three fiscal years to help fill holes in the budget.Read More »
The Greater Phoenix Economic Council is rebooting its signature bill from the 2011 legislative session with some substantial changes that may help it avoid another veto.
The GPEC-drafted proposal, obtained by the Arizona Capitol Times, contains familiar benefits for businesses: A huge property tax break for companies that make major investments, and a tax break for Arizona-based companies that provide services to out-of-state customers.
With Arizona’s jobless rate hanging stubbornly at 9 percent, next year’s election will come down to one issue that trumps all others: jobs.
And as dozens of lawmakers gear up for the campaign season — including the 25 freshmen elected last year — they know that voters will be expecting them to do something about it.
Officials say property owners in Maricopa County will see virtually the same property tax bills as they did last year.Read More »
If one were to measure the success of Arizona’s Enterprise Zone program by some of the eulogies that followed its demise, you might question why it was even created in the first place.
But a flurry of applications from businesses hoping to cash in on the expiring property tax breaks in the Enterprise Zone program leaves no doubt that it will be missed.