Arizona employees are getting to keep a bit more in their pockets as Arizona's individual tax rate has been lowered to a flat 2.5%. 

Once a year, the Arizona Department of Revenue auctions off unclaimed property that is abandoned in safe deposit boxes around the state. If items sit inside a safe deposit box for more than three years after the lease or rental period on the box has expired, the property is considered unclaimed, according to the department’s website.

Sales of marijuana in Arizona soared to $1.6 billion in 2021, just one year after recreational cannabis was legalized in the state, making Arizona second only to California for retail sales that year, according to an industry research group. 

Donations to nonprofit organizations in Arizona are becoming scarce as fears of an oncoming economic recession rise.  

As lawmakers debate a tax package to aid in Arizona’s continued economic recovery from the pandemic and to position our state for increased growth, lowering the assessment ratio on commercial property is a policy change that would meaningfully enhance our ability to attract private investment and job creators.

In an executive order, Ducey allowed people out of a job or facing economic hardship because of the pandemic to access unemployment benefits. He also unveiled an administrative action from the Arizona Department of Revenue to extend the income tax filing deadline to July 15, mirroring the new federal deadline.

Defying both Democrats and their own Republican governor, GOP lawmakers voted Monday to cut income tax rates across the board to prevent what they believe would be a "windfall'' to the state on the backs of Arizona residents.

State government stands to gain -- and Arizona taxpayers stand to lose -- more than $200 million because of the federal tax law changes approved by Congress and signed by President Trump.

In fiscal year 2016, state law allowed $13.7 billion in taxes to go uncollected through a litany of exemptions, deductions, allowances, exclusions or credits. And that number is likely to grow by another $1-to-2 billion once individual income tax deductions are tallied.

Facing a new Arizona Supreme Court ruling, Gov. Doug Ducey is finally going to allow the Department of Revenue to collect taxes owed to the state from a helicopter tour business.