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Committee forms to push 1-cent sales tax extension
A coalition that has been working on a ballot measure since last summer to extend the 1-cent sales tax increase for education and other uses formed a campaign committee on Thursday and immediately put $50,000 into its war chest.
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 fro[...]
Lawmakers, retailers pushing online sales tax
Shoppers who dodge sales taxes by turning to the Internet may see their options begin to narrow if a measure in the Arizona Senate becomes law.
Referendum would raise the bar on raising taxes
If a proposed constitutional amendment wins voter approval this fall, the threshold for raising taxes at all levels of government in the state will be made significantly higher and could make it nearly impossible for tax increases or extensions to ever occur.
Bill would launch study of state tax system
Arizona legislators may take an in-depth look at the state's tax system, with an eye toward broadening the sales tax while phasing out the individual and corporate income taxes.
School tuition legislation could cost state up to $28.5M
The Senate on Jan. 19 approved a two-bill package that expands a program allowing a dollar-for-dollar tax credit for contributions to groups that give scholarships to private school students.
Bills to lower capital gains tax moving forward
Three bills to eliminate or reduce the capital gains tax cleared a House committee today, despite objections from Democrats that a reduction would be too costly for the state.
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.
Influential tax policy group seeks limit in growth of property values
An influential tax policy group will seek to put a measure on the ballot to limit growth in property values.
The Arizona Tax Research Association wants taxable property values to grow by no more than 5 percent each year.
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 proper[...]
Ariz. governor seeking tax changes for businesses
Building on last year's big "competitiveness" package of tax cuts for businesses, Republican Gov. Jan Brewer is offering a new, smaller package of proposed changes that she says will address so-called "problem areas."
Business group trying to veto-proof its tax-break bill
The Greater Phoenix Economic Council is rebooting its signature bill from the 2011 legislative session with some substantial changes that may help it avoid another veto.
The GPEC-drafted proposal, obtained by the Arizona Capitol Times, contains familiar benefits for businesses: A huge property tax break for companies that make major investments, and a tax break for Arizona-bas[...]
