Budget Allows Arizona to Fully Implement Trump's Tax Cuts
The $18.3 billion plan avoids tax return refilings and orders 2.5% spending cuts for most agencies.
- Governor Katie Hobbs and the State Legislature reached an $18.3 billion budget deal in PHOENIX, Arizona, adopting federal tax cuts put in place by President Donald Trump.
- Adopting these cuts means citizens will not need to refile their taxes, while all state agencies except public safety must reduce spending by 2.5%.
- With Republicans controlling the State Legislature and Hobbs serving as a Democrat, both sides made concessions to secure the agreement before the June 30th deadline.
- The legislation mandates a three-year moratorium on tax breaks for data centers, while the Empowerment Scholarship Account remains unchanged without any modifications.
- Legislators may vote on the bill as early as Thursday, though two groups are working to place competing propositions on the ballot that could impact school funding programs.
46 Articles
46 Articles
Arizona faces full federal tax conformity and a moratorium on data center tax cuts
Key points: Legislature to send Gov. Katie Hobbs a bipartisan budget deal Governor anticipated to sign, lawmakers expect to adjourn for summer on Friday The $18.3 billion deal fully conforms Arizona to President Donald Trump’s federal tax cuts and pauses subsidies for new data centers for three years Gov. Katie Hobbs is expected to sign a bipartisan budget package now moving through the Legislature, calling the deal a compromise with legisla…
Embattled Hobbs Reaches Budget Agreement With Republicans
On Tuesday, Arizona House and Senate Republicans announced that they have reached a budget agreement with Governor Katie Hobbs that will make Arizona the only state in the nation to deliver President Trump's federal tax cuts at the state level. The budget bills, which Republicans say will "shrink government, protect school choice, fully fund public...
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