Brewer axes 2 of 3 tax cut bills, last of session - FOX 35 News Orlando

Brewer axes 2 of 3 tax cut bills, last of session

Posted: Updated:
Jan Brewer Jan Brewer

PHOENIX (AP) -- Gov. Jan Brewer has vetoed two of the three remaining bills from the Arizona Legislature's 2013 session but signed a big tax cut bill for businesses.
Brewer axed a bill Wednesday that would have automatically adjusted tax brackets for inflation and cut state revenue by about $11 million a year. Brewer said the Legislature should consider adjustments yearly after reviewing the budget.
She also vetoed a bill by Republican House Speaker Andy Tobin that increased a research tax credit by $10 million. She said the refundable credit could have drawn on state tax dollars and deserved more scrutiny.
Brewer signed a bill lifting a cap on the amount of depreciation small and medium-sized businesses can claim instantly on new equipment. It could save businesses about $71 million this budget year.

Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Didn't find what
you were looking for?

Powered by WorldNow

35 Skyline Drive
Lake Mary, FL 32746

Phone: (407) 644-3535
News Tips: (866) 55-FOX35

Didn't find what you were looking for?
All content © Copyright 2000 - 2014 Fox Television Stations, Inc. and Worldnow. All Rights Reserved.
Privacy Policy | New Terms of Service What's new | Ad Choices