Massive Arizona income tax cut going into full effect
2 years, 2 months ago

Massive Arizona income tax cut going into full effect

Associated Press  

PHOENIX — A massive Arizona income tax cut that mainly benefits the wealthy championed by GOP Gov. The flat tax plan eliminates the state’s old graduated income tax scale, which started at 2.59% and had a maximum tax of 4.5% for income over $159,000 a year for a single person. “A household with $70,000 a year gets a $58 annual tax cut.” Ducey has mainly waived off the inequities in who benefits from the measure he signed last year, instead trumpeting the effects on the state’s economy, “This tax relief keeps Arizona competitive and preserves our reputation as a jobs magnet and generator of opportunity,” he said in a statement. Opponents of last year’s tax cut package, mainly backers of public education, collected enough signatures to block it from taking effect until a vote in November’s election.

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Arkansas lawmakers approve $124 million income tax cut plan
1 year, 8 months ago

Arkansas lawmakers approve $124 million income tax cut plan

Associated Press  

— Arkansas lawmakers on Wednesday approved a plan by Republican Gov. Sarah Huckabee Sanders and legislative leaders to cut individual and corporate income taxes by $124 million a year. The bill, which now heads to Sanders’ desk, also cuts the top corporate income tax rate to 5.1% from 5.3%. “The more we cut income taxes, the heavier the burden to …

Arkansas Gov. Sanders, lawmakers call for $124M tax cut plan
1 year, 8 months ago

Arkansas Gov. Sanders, lawmakers call for $124M tax cut plan

Associated Press  

Sarah Huckabee Sanders and legislative leaders on Thursday called for cutting income taxes by $124 million as they near the end of this year’s legislative session. The tax cut proposal calls for cutting the state’s top individual income tax rate from 4.9% to 4.7% starting this year. “Arkansans will feel this tax relief immediately, and I don’t think it could …

Missouri lawmakers pass bill to cut income taxes
2 years, 2 months ago

Missouri lawmakers pass bill to cut income taxes

Associated Press  

— Missouri lawmakers on Thursday gave final approval to an income tax cut that Gov. The Republican-led Missouri House voted 98-32 in favor of the bill, which would cut income taxes from 5.3% to 4.95% beginning next year and phase in additional cuts until the rate hits 4.5%. The roughly $1 billion measure also eliminates the lowest tax bracket, meaning …

Arizona Supreme Court says voters can’t repeal tax cuts
2 years, 4 months ago

Arizona Supreme Court says voters can’t repeal tax cuts

Associated Press  

PHOENIX — The Arizona Supreme Court has ruled that tax cuts or increases enacted by the Legislature can never be blocked by opponents using the state constitution’s referendum power, with the rare exception of a tax that funds a completely new state department. The written opinion released Friday explains the reasoning behind the court’s April 21 decision reinstating a massive …

Arizona Supreme Court reinstates massive income tax cuts
2 years, 8 months ago

Arizona Supreme Court reinstates massive income tax cuts

Associated Press  

PHOENIX — The Arizona Supreme Court on Thursday ruled that the state’s voters do not have the right to reject a massive income tax cut approved by the Republican-controlled Legislature and Gov. The coalition of progressive groups that backed the referendum slammed the Supreme Court for “stripping the rights of everyday Arizonans, in an attempt to protect the rich.” “The …

Voter-approved Arizona education tax dead after court ruling
2 years, 9 months ago

Voter-approved Arizona education tax dead after court ruling

Associated Press  

PHOENIX — A judge on Friday declared that a tax on high-earning Arizona residents to fund education spending that voters approved in 2020 can’t be enforced because of a state Supreme Court ruling and ordered its collection permanently blocked. The ruling from Maricopa County Superior Court Judge John Hannah was widely expected after the Supreme Court ruled in August that …

Republicans eye repealing, replacing huge Arizona tax cuts
2 years, 11 months ago

Republicans eye repealing, replacing huge Arizona tax cuts

Associated Press  

PHOENIX — Arizona Republican lawmakers who pushed through a nearly $2 billion income tax cut in the last session are looking to repeal it and replace it with a new version, a move that would end a voter referendum that has stopped the tax cut law from taking effect. Groups that put Proposition 208 on the 2020 ballot to boost …

Judge: Arizona voters have right to decide tax cut repeal
3 years ago

Judge: Arizona voters have right to decide tax cut repeal

Associated Press  

PHOENIX — A judge has ruled Arizona voters have a constitutional right to decide a referendum in November 2022 that seeks to repeal tax cuts that were approved by the Legislature and signed into law by Republican Gov. Maricopa County Superior Court Judge Katherine Cooper rejected arguments from tax cut proponents that the tax cut bill was not subject to …

Arkansas lawmakers OK massive tax cuts, adjourn session
3 years ago

Arkansas lawmakers OK massive tax cuts, adjourn session

Associated Press  

— Arkansas lawmakers on Thursday approved the largest tax cut in state history, adjourning a special session without taking up an abortion ban modeled after Texas’ or other measures some Republican lawmakers hoped to add to the agenda. For an individual who happens to be paying a small portion of taxes, percentage-wise they’re getting a larger cut in their taxes.” …

Arizona House OK's big loopholes for new tax on wealthy
3 years, 5 months ago

Arizona House OK's big loopholes for new tax on wealthy

The Independent  

Sign up for the daily Inside Washington email for exclusive US coverage and analysis sent to your inbox Get our free Inside Washington email Get our free Inside Washington email SIGN UP I would like to be emailed about offers, events and updates from The Independent. The proposal passed despite unified opposition from minority Democrats It creates a new small …

Ducey talks disdain for new education tax, vows fast fix
3 years, 9 months ago

Ducey talks disdain for new education tax, vows fast fix

Associated Press  

PHOENIX — A new voter-approved tax on high-earning Arizonans that will boost education spending is firmly in Gov. Doug Ducey’s crosshairs, with the Republican vowing Friday to see Proposition 208’s new tax cancelled either through the courts or the GOP-controlled Legislature. If that effort fails, Ducey said he’s working with House and Senate leaders to come up with ways to …

Education tax measure certified for November Arizona ballot
4 years, 4 months ago

Education tax measure certified for November Arizona ballot

Associated Press  

PHOENIX — Arizona’s Secretary of State has certified that a voter initiative that would boost taxes on high-earning Arizonans to increase school funding will be on the November ballot. Secretary of State Katie Hobbs announced Friday that a sample of petition sheets sent to county recorders came back with enough verified signatures for the Invest in Education Act to qualify …

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