Legislature signs off on bill to give tax breaks to manufacturers

tax-breaks-300x242By Howard Fischer | Capitol Media Services/East Valley Tribune

Arizona manufacturers and smelters are in line for a big tax break not being offered to other companies and individuals.

Without debate, both the House and Senate voted Tuesday to exempt those two types of firms – and only those two – from having to pay the state sales tax due on the purchase of electricity and gasoline. SB 1413 now goes to Gov. Jan Brewer who is expected to sign it, as she specifically asked for the tax break as part of her State of the State speech.

Gubernatorial press aide Andrew Wilder acknowledged the selective nature of the tax cut, but he said manufacturing is special.

Continued: 

Related: Arizona receives ‘B’ for fiscal transparency

Share this!

Additional Articles

New home sales post solid gain in March

By NAHB Despite higher interest rates last month, new home sales rose in March due to limited inventory of existing homes. However, the pace of new home sales will be under pressure in April as mortgage rates moved above 7% this

Read More »
News Categories

Get Our Twice Weekly Newsletter!

* indicates required

Rose Law Group pc values “outrageous client service.” We pride ourselves on hyper-responsiveness to our clients’ needs and an extraordinary record of success in achieving our clients’ goals. We know we get results and our list of outstanding clients speaks to the quality of our work.