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

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 ...

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.

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.

Arizona has a flat state income tax rate of 2.5%. Arizona lawmakers passed legislation last year that cut the state’s income tax rate to the new flat rate, down from 2.98%.

$1.15 billion in state tourism tax was collected, making up about 10% of the state’s operating budget for the year. Tourism job growth was at 4.4%, up to 187,000 in 2023 from 179,100 in 2022.

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.

According to the statement, the deadline for filing and paying state individual income taxes is now May 17. "The extended deadline only includes individual returns," read a portion of the statement.