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Arizona Proposes Expansion of Enterprise Zone Tax Breaks

From the East Valley Tribune:

Gov. Jan Brewer wants to slash corporate income taxes and let some corporations escape the levy entirely.

The proposals were unveiled Tuesday in the governor’s list of priorities which she sent to lawmakers. Brewer did not give a regular State of the State address at the beginning of the legislative session last week in the wake of the shootings in Tucson.

Brewer also wants to create a statewide “enterprise zone” that would reward businesses that locate or expand in Arizona with temporary but deep cuts in their property taxes and state income tax credits.

The changes could result in large decreases in the tax burden on businesses — eventually.

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