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City and state leaders can tackle affordable housing crisis together
In recent years, I’ve been quoted as saying, homelessness is not AN issue, it is THE issue. I encourage our legislators to partner with local community leaders to turn this around before it’s too late.
Tax credits, incentives available to Arizona businesses
The Office of the Governor has not said when the Office of Resiliency will open, but if established in time, it may help even more Arizonans receive tax credits under the IRA.
Student Tuition Organizations scaled back
Arizona is finally ready to curtail -- but not stop -- the ability of corporations to divert what they owe in state income tax to instead help send children to private and parochial schools, a system of credits that threatened to reduce corporate tax collections to zero.
Senate president ready to pull key provision from tax credit bill
Senate President Steve Yarbrough threatened to strip a key provision out of a bill that would severely reduce the annual growth of a tax credit for private school scholarships.
The Breakdown, Episode 6: Details, details
After two weeks in one crisis or another, lawmakers really got to work last week, and our reporters dug in.
Senate president sees tricky course to rein in tuition tax credit
Altering a cap on corporate tax credits for private school scholarships will require a two-thirds majority vote in both chambers of the Arizona Legislature.
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.
Lawmaker seeks new way for big firms to use tax credits
The proposal from Rep. Jeff Weninger was approved on a 5-4 vote Wednesday despite concerns about its cost of at least $20 million a year.
New tax credit law benefits Arizonans in need and those who help them
May 6, 2016, was a big day for Arizona non-profits. With overwhelming approval from the Arizona Legislature, Governor Doug Ducey signed into law SB1216.
Administrative bloat? Republican lawmaker sets sights on school tax credit organizations
Within days of the new fiscal year’s commencement on July 1, the Arizona Department of Revenue announced that Arizona businesses had claimed more than $51 million in tax credits for their donations to School Tuition Organizations. The state had reached the legal cap on the tax credits in lightning-fast fashion.
Arizona House OKs credits, exemptions for Apple data center
The Arizona Legislature wants to help Apple Inc. by extending renewable energy tax credits and exemptions to cover the 1.3-million-square-foot data center it plans to open in the Phoenix suburb of Mesa.
Failed Apple Mesa plant operator GT says SEC investigating its business
Sapphire materials maker GT Advanced Technologies, which filed for Chapter 11 bankruptcy reorganization in October, said Thursday that the Securities and Exchange Commission has opened an inquiry into its business.
