Residents could get protection against tax bracket creep for one year - Ahwatukee Foothills News: Valley And State

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

Residents could get protection against tax bracket creep for one year

Font Size:
Default font size
Larger font size

Posted: Wednesday, April 2, 2014 5:15 am

Arizonans would get a one-year protection against income tax “bracket creep” under the terms of legislation given final approval Tuesday by the state Senate.

Current law has five tax rates, each at set division points. For example, the tax rate for anything earned above $50,000 is higher than the levy for wages below that.

HB 2377 requires the Department of Revenue to adjust that cut point this coming year to account for inflation. So if inflation is 2 percent, the dividing point between those two tax rates would become $51,000 and everything below that would be taxed at the lower rate.

The measure, which already has been approved by the House, now goes to the governor.

  • Discuss

Facebook on Facebook

Twitter on Twitter


Subscribe to via RSS

RSS Feeds


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...