Senate Bill 1783 allows rich individual tax filers to remove profits from their businesses, trusts, and estates from the calculation of their individual taxable income so that they can avoid paying the surcharge established…
This year, state lawmakers in Arizona introduced more than 1,800 pieces of legislation. Committee chairs, using their power through rules and deadlines, select which bills receive a hearing for consideration. Every year…
The economic shockwaves from the COVID-19 pandemic have by no means subsided. According to our recent analysis of Household Pulse Survey data, 1 in 3 households in Arizona cannot afford usual expenses, 1 in 6 renter households…
At a time when Arizona is experiencing among the highest rates of COVID in the nation and world, it is critical to examine how the state allocates its resources to address the needs of struggling Arizonans. Amidst the onset…
The Arizona legislature has cut taxes every year but one since 1990 and all of those tax cuts combined have reduced state revenues by more than $5 billion when adjusted for inflation. Many of those tax cuts over the years…
In 2018, before COVID-19 and its economic fallout, nearly 9 in 10 Arizonan households with extremely low incomes spent more than half of their income on housing—leaving little room for emergency expenses. Many low-income,…
Arizona’s constitution requires a super-majority (two-thirds) vote of both chambers of the legislature to raise revenue through increased taxes or to reduce or eliminate tax credits, tax exemptions, or deductions – even…
Two reports show that conforming Arizona’s tax code to the 2017 federal tax changes will result in a net increase to Arizona’s General Fund revenues in fiscal year 2020, although the two reports differed in the amount…
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