Prop. 116: Good for business, bad for homeowners?

Kingman Daily Miner

By Suzanne Adams

Business owners could get a break on their personal property taxes if voters approve Proposition 116 in November, but it may be homeowners who foot the bill.

Proposition 116, the Small Business Job Creation Act, is designed to cut property taxes on business equipment. The proposition was placed on the ballot by the Legislature and received unanimous support from members of both the Arizona Senate and the House of Representatives.

However, that cut in business taxes could push the tax burden onto landowners, according to Mohave County Assessor Ron Nicholson.

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