- Associated Press - Tuesday, March 24, 2015

PHOENIX (AP) - The Arizona Senate has joined the House in approving a bill automatically adjusting tax brackets each year to account for inflation.

House Bill 2001 by Republican Rep. Justin Olson of Mesa prevents taxpayers from being pushed into a higher tax bracket if they get small raises.

The move will cut state revenue by an estimated $15 million in the coming budget year and comes despite major state budget cuts.

Olson pushed similar legislation in 2013 that was vetoed by then-Gov. Jan Brewer over budget concerns. She recommended yearly adjustments after budget reviews and signed a 2014 Olson bill granting a one-time adjustment.

The proposal passed the Senate Tuesday on an 18-10 vote.

Gov. Doug Ducey has called for the automatic adjustments. The bill now heads to his desk.


Copyright © 2018 The Washington Times, LLC.

The Washington Times Comment Policy

The Washington Times welcomes your comments on Spot.im, our third-party provider. Please read our Comment Policy before commenting.

 

Click to Read More and View Comments

Click to Hide