The state budget will take center stage as the Arizona Legislature begins its session. Fiscal year 2024 is more than $800 million in deficit, and the fiscal 2025 deficit, based on a base budget ...

Last year, Arizona lawmakers passed legislation cutting the state’s income tax rate to a flat rate of 2.5% from 2.98%. The new Arizona flat personal income tax rate wasn’t expected until 2024.

President Donald Trump’s sprawling tax bill could cost Arizona hundreds of millions of dollars if lawmakers choose to add new ...

PHOENIX (CN) — Arizona Attorney General Kris Mayes filed a federal lawsuit Thursday against the Internal Revenue Service over its decision to impose federal taxes on the Arizona Family Tax Rebate.

Residential rental tax rates vary by city, but the average is 2.5%. So, for example, if a renter pays $1,400 in monthly rent with a TPT of 2.5%, that translates to $420 saved annually from the new ...

However, beginning Jan. 1, 2025, Arizona property owners will stop collecting this rent tax. The ban will lower renter’s tax bills in municipalities across the state.

The nonprofit, nonpartisan Tax Foundation grants Arizona some pretty decent boasting rights, with the 13th-lowest individual income tax and the 10th-lowest state and local income tax in the nation.