If a proposed constitutional amendment wins voter approval this fall, the threshold for raising taxes at all levels of government in the state will be made significantly higher and could make it nearly impossible for tax increases or extensions to ever occur.Read More »
Arizona legislators may take an in-depth look at the state's tax system, with an eye toward broadening the sales tax while phasing out the individual and corporate income taxes.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.
Arizona has weathered its share of economic storms in recent years. Stopgap measures, a temporary tax increase and incessant budget slashing allowed the state to precariously stay afloat.
But the horizon promises no relief yet. In fact, many budget decisions drawn up by state leaders have actually put Arizona on a course toward troubled waters.
California’s loss could be Arizona’s gain, if some legislators have any say about it.
With the outcry from some businesses about the Golden State’s newly-passed “nexus tax” on some online retailers, Rep. Tom Forese, R-Gilbert, has proposed that Arizona take advantage of the discontent and try to recruit the angry businesses to Arizona, which has no such tax.
In a meeting that was announced and canceled within the span of roughly three hours, lawmakers planned to push the message: Dear California businesses: Move to Arizona!Read More »
Arizonans will find it harder to ignore their obligation to pay sales taxes on purchases of goods bought online or outside the state.Read More »
Increases in individual income taxes and a higher-than-anticipated influx of federal funds put May’s revenue collections on solid footing, the Legislature’s budget arm reported.Read More »
Legislative budget analysts say preliminary revenue reports for May show the state could wipe out the bulk of its red ink in the current fiscal year.Read More »
Pointing out that Arizona faces a revenue cliff when a temporary sales tax increase expires in two years, Senate President Russell Pearce said any extra money the state collects won’t be used to restore cuts or be spent on new programs.Read More »