Arizonans who want a head start on preparing their individual tax returns could end up having to amend them later.
There’s a disparity between what’s on the latest tax forms printed by the Department of Revenue and state law.
The $750 difference in the standard deduction is due to Gov. Katie Hobbs ordering the department to publish forms that adopted only some portions of President Donald Trump’s tax and spending bill passed last year.
If the state fully adopted the federal tax plan, it would cost Arizona nearly half a billion dollars.
Hobbs is pushing for her own state level cuts, which face an uphill battle, as Sen. J.D. Mesnard says Republicans are drafting a bill to follow the federal code.
"Our intention, at least to start, is to send up conformity so that everybody, small businesses included, can file their taxes more quickly," Mesnard said.
State lawmakers are likely to start looking at the tax bills shortly after the session starts next week.
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Arizona’s largest electric utility will no longer disconnect customers’ power when temperatures exceed 95 degrees, following a settlement with the Attorney General’s Office. -
The median household income here in 1970 was just north of $48,000. In 2023, it was more than $77,000 — a more than 60% increase. That was one of the biggest jumps in the country. -
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Arizona is now one of the least affordable states in the U.S., according to a new report from the Common Sense Institute, a conservative-leaning Arizona policy organization.
