By Mary Jo Pitzl | The Republic
Lawmakers killed a bill designed to keep Arizona competitive in the race for manufacturing businesses, citing a host of objection
Members in the state House of Representatives did something unusual last week: They killed a major corporate tax break.
It was a surprising development in a GOP-controlled Legislature that has embraced tax breaks and incentives to attract business; every year, there is some sort of tax cut done in the name of making Arizona competitive.
Sponsored by Rep. Jeff Weninger, R-Chandler, and backed by the Arizona Manufacturers Council, Honeywell, Raytheon and other large employers, the bill proposed a number of tax incentives. They included sales-tax breaks that would grow over time, a faster write-down of the property tax charged on manufacturing equipment and tax credits for creating jobs.
