By Howard Fischer | Arizona Capitol Times
Arizona renters are in for a bit of a break in their monthly payments to landlords – if the law works the way it’s been advertised.
Effective Jan. 1, cities can no longer charge sales taxes on residential rentals. While not all communities now have such a levy – Tucson for example, does not – 75 of the 91 cities in the state do at rates ranging from 1% to 4%.
And what that also means is that, come January, the affected cities collectively will lose about $230 million a year.
