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Arizona Republicans tout family tax rebates amid projected $400 million budget shortfall
Republican legislators defended family tax rebates Monday as beneficial to Arizonans on the heels of new projections that Arizona is expecting a $400 million state budget shortfall.
Bingo players resist regulation by state agencies
A state senator is pushing back against various state agencies over what they say is illegal gaming and he says is protected bingo.Â
ClassWallet selected to keep operating as financial vendor for ESA program
ClassWallet will continue to operate as the financial vendor for the Empowerment Scholarship Account (ESA) program, the Office of the State Treasurer Arizona announced today.Â
Changes to tax forms – you can keep more money
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%.Â
Annual unclaimed property auction draws bargain hunters
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.
Cannabis sales soar, but don’t threaten 5 C’s
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.Â
Donations to nonprofits drop, economy a factor
Donations to nonprofit organizations in Arizona are becoming scarce as fears of an oncoming economic recession rise. Â
Arizona can win big with property tax reform
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.
Ducey extends unemployment benefits to Arizonans affected by COVID-19, delays tax deadline
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.
Legislative committees approve tax conformity bills
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 analysis: fed tax law change means Arizonans pay more to state
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.
The cost of cuts: Arizona tax carve-outs last year hit $13.7B
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.
