House revives business tax cut rejected by voters

House revives business tax cut rejected by voters

Posted: Updated:
  • Arizona PoliticsMore>>

  • New bill enacts regulations for trampoline parks in Arizona

    New bill enacts regulations for trampoline parks in Arizona

    A bill was ceremoniously signed Thursday, and it puts in new regulations for trampoline parks across the state.It's the first bill of its kind in the country, and it's called Ty's Law, named in honor of 30-year-old Ty Thomasson.
    A bill was ceremoniously signed Thursday, and it puts in new regulations for trampoline parks across the state.It's the first bill of its kind in the country, and it's called Ty's Law, named in honor of 30-year-old Ty Thomasson.
  • Arizonans to begin receiving early ballots

    Arizonans to begin receiving early ballots

    The state of Arizona has started mailing early ballots to registered voters across the state as primary election approaches.
    The state of Arizona has started mailing early ballots to registered voters across the state as primary election approaches.
  • Immigration leads Arizona governor's race issues

    Immigration leads Arizona governor's race issues

    One candidate called for sending National Guard troops and to build fences on the U.S.-Mexico border in Texas to stem the tide of immigrants, and forwarding the bill to President Barack Obama.
    One candidate called for sending National Guard troops and to build fences on the U.S.-Mexico border in Texas to stem the tide of immigrants, and forwarding the bill to President Barack Obama.

PHOENIX (AP) - An Arizona House committee has approved a bill that tries to revive a business property tax cut proposal rejected by voters in November.

The proposal to increase the personal property tax exemption from $50,000 to an amount equal to the annual earnings of 50 Arizona workers - or about $2.4 million - was approved by the House Ways and Means committee Thursday.

It would only apply to newly purchased equipment.

An identical bill was passed last year and referred to voters as Proposition 116. It failed by a vote of 44% to 56%.

An independent legislative analysis done last year put the state general fund cost at $8.2 million beginning in the 2014-2015 budget year.

If the bill passes the Legislature, it will again go to voters.

Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Powered by WorldNow

4739 NW 53rd Avenue, Sutie B
Gainesville, FL 32653

Phone: (352) 371-0051

Didn't find what you were looking for?
All content © Copyright 2000 - 2014 Fox Television Stations, Inc. and Worldnow. All Rights Reserved.
Privacy Policy | Terms of Service | Ad Choices