Sign In
Free Newsletter
Brewer open to reducing capital gains taxes – with caveats
With the budget stabilizing and the economy needing another boost, some lawmakers have set their eyes on drastic tax reductions, including proposals to lower or eliminate the capital gains tax.
Revenues collections solid for 10th month in a row
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.
Budget analysts: Arizona might be back in black by end of fiscal year
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.
Pearce: No spending increase even if state gets extra cash
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.
Bill to make school tax credits more generous OK’d
The Arizona Legislature has approved a bill to make the state's tax credit programs for donations for private school scholarships more generous.
Revised data show recession hit AZ harder than previous estimates
Revised unemployment data indicate that the national recession hit Arizona’s job market far harder than previously believed, and the sputtering job growth continues to dampen reports of positive growth in other sectors of the economy.
Bumpy road for flat tax proposal Supporters call it fair, but opponents say it raises taxes on the poor
With Republicans firmly in control of the Capitol, the proposal to flatten the state’s individual income tax enjoyed a renaissance of a sort this year, albeit a brief one.
Senate panel OKs bill to flatten state income tax
A "flat tax" bill to rewrite the state individual income tax is nearing the finish line at the Legislature, setting the stage for changes that would have the Arizona's wealthiest taxpayers paying less while nearly nine of every 10 Arizonans pay more.
GOP argument: Lawmakers’ duty is to expand economy, not protect state revenues
While business groups cheer the massive tax cuts passed in the loftily titled Arizona Competitiveness Package — known to most as the jobs bill — some people who rely on that disappearing revenue are wringing their hands over what the future may hold.
Arizona state government revenue up in December
Legislative budget analysts say December provided a measure of good news for the state government's revenue situation, but they say it doesn't necessarily indicate a sustained economic recovery.
State budget unbalanced again; next year worse
Arizona is recovering from the recession slowly and painfully, a view generally expressed by economists, but state lawmakers have yet to see any signs of improvement in sales and income tax revenues.
Chamber chalked up wins, but still pushes for tax cuts
A number of important legislative reforms supported by the Arizona Chamber of Commerce and Industry and the Arizona Manufacturers Council made their way to Gov. Jan Brewer and were signed into law, including, for the second consecutive year, major regulatory and tort reforms.
