The Senate bill, which is headed to the House, would exempt new businesses from paying taxes in the first year and reduced taxes in years two and three.
Arizona lawmakers apparently want to help you succeed.
SB 1559 is the brainchild of Sen. Steve Kaiser, R-Phoenix, who told colleagues of his own experience trying to start a business — he has since sold it — and the problems in arranging financing. What this is designed to do, he said, is provide a bit of fiscal breathing room. People are also reading… "Of course we support small businesses," said Senate Minority Leader Mitzi Epstein, D-Tempe."Arizona businesses are so important to every part of our economy."
Anyway, Epstein said she believes that special carve-outs are not the best way to encourage economic development. Instead, she said, the state is better with low rates that apply to all.Kaiser, however, said his legislation simply recognizes the hardships of starting a business from scratch."We had some pretty heavy capital investment when it came to the dump trucks," he explained.
Brasil Últimas Notícias, Brasil Manchetes
Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.
Alaska Senate committee advances school funding bill as House hears governor’s education proposalsThe Senate Education Committee advanced a bill that would increase public education funding by $257 million in the coming fiscal year. After clearing its first legislative hurdle, the bill heads next to the Senate Finance Committee.
Consulte Mais informação »
Texas House and Senate Bills Aimed at Lowering Property Taxes FiledThere is a lot of talk at the Texas Capitol these days about lowering property taxes. And the plans are now on paper as bills have been filed in both the House and the Senate.
Consulte Mais informação »
Editorial: Lawmakers, don’t mess with Texas beach accessSenate Bill 434 proposed by state Sen. Mayes Middleton, R-Galveston, would efface the...
Consulte Mais informação »
Texas Senate passes bill along party lines to boost voter fraud to a felonyThe Texas Senate gave initial approval to Senate Bill 2 on Monday. The bill, a top priority of Lt. Gov. Dan Patrick, raises the criminal penalty for voter...
Consulte Mais informação »
Texas Senate passes bill to make illegal voting a felony againThe priority bill, backed by Lt. Gov. Dan Patrick, reverses a change the Legislature made two years ago during an omnibus voting bill that made illegal voting a misdemeanor.
Consulte Mais informação »
Local Opinion: AZ Senate bill to ban books is harmful, not neededOPINION: 'I appreciate Sen. Wadsack’s efforts to protect children, but let’s hope her misguided efforts fail,' writes John Halliday, an Oro Valley resident and retired director of a regional public library system in Virginia.
Consulte Mais informação »