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Prop. 13 Arizona is a catalyst for economic growth, housing recovery

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.

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Lawmakers, group want to hand big tax break to businesses

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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