Law would cut tax rates on manufacturers, smelters - Ahwatukee Foothills News: Valley And State

default avatar
Welcome to the site! Login or Signup below.
|
||
Logout|My Dashboard

Law would cut tax rates on manufacturers, smelters

Print
Font Size:
Default font size
Larger font size

Posted: Friday, March 7, 2014 10:00 am

Manufacturers and smelters would no longer have to pay state sales taxes on electricity they buy under the terms of legislation approved Thursday by the Senate.

SB 1413 is part of an economic development proposal by Gov. Jan Brewer. Aide Michael Hunter said she believes the levy could be the difference between a company moving here or going somewhere else.

The legislation drew opposition from cities which also would have been forced to give up on their own levies, a figure the League of Arizona Cities and Towns said would cut revenues overall by $9 million, with some cities hit harder than others.

As approved, the price tag for the state in lost revenues is up to $10 million.

Sen. Steve Yarbrough, R-Chandler, who sponsored SB 1413 inserted language to narrow the definition of who is a “manufacturer’’ and gets the tax break — and, more to the point, who does not. The final version of the bill specifically excludes processing, fabricating, job printing, mining, generating electricity or operating a restaurant.

  • Discuss

Facebook

ahwatukee.com on Facebook

Twitter

ahwatukee.com on Twitter

RSS

Subscribe to ahwatukee.com via RSS

RSS Feeds

Spacer4px

Ahwatukee Little League 11s win district title

Ahwatukee Little League Minors topped Chandler National North to win the District 13 title.

Despite excessive heat, some residents still active outside

By Jiahui Jia | Cronkite NewsFriday, June 24, 2016PHOENIX — It was 9 a.m. and the temperature had...

Creature Feature — Arabian Oryx

Did you know the Phoenix Zoo helped save the Arabian Oryx from extinction? Operation Oryx started...