Gov. Brewer signs tax reform legislation to attract business, bolster economic competitiveness - Tucson Local Media: News

Gov. Brewer signs tax reform legislation to attract business, bolster economic competitiveness

Print
Font Size:
Default font size
Larger font size

Posted: Friday, April 11, 2014 10:49 am

In keeping with her ongoing mission to make Arizona the most pro-business state in the nation, Governor Jan Brewer today signed into law SB 1413, which eliminates the state’s Transaction Privilege Tax (sales tax) on energy sold to manufacturers. This significant tax reform measure will help attract manufacturers to the state and advance Arizona’s global competitive edge. The governor made passing this legislation a cornerstone priority her 2014 State of the State address in January.

“In the past five years, we have worked relentlessly to position Arizona as a premier location in which to start or grow a business – and we’ve been successful because we’ve listened to what companies want and need to thrive,” said Governor Brewer. “Due to several critical reforms – including last year’s measure to simplify our sales tax code – Arizona is now consistently regarded as one of the ten best states in the nation in terms of economic development and competitiveness.

“Until today, Arizona has still been one of only a few states to impose a sales tax on businesses for energy they use to manufacture products – and that’s put us at a disadvantage with other states. Signing SB 1413 affirms our message that Arizona is open for business.”

The cost of energy is a key factor businesses consider when determining where to locate. As a champion of business growth and job creation, Governor Brewer has long called for the Legislature to support efforts that boost Arizona’s competitiveness, particularly in technology and manufacturing sectors, which bring high-paying jobs to the state. SB 1413 does exactly that by making all manufacturers, regardless of size, eligible for the energy sales tax exemption.

© 2016 Tucson Local Media. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

More about

More about

Welcome to the discussion.

1 comment:

  • Richard Rider posted at 9:27 am on Mon, Apr 14, 2014.

    Richard Rider Posts: 1

    To see my fact sheet comparing CA with the other states on 35 criteria, go to my link:
    www.TinyURL.com/CA-vs-other-states

    CA is the engine of prosperity -- for the other 49 states. Including (especially including) AZ.[wink]

     

PGA Tour Superstore Grand Opening

More Featured Videos

Featured Videos

Spacer4px

Online poll

The Marana capital improvements improvements are expected to take years to complete as Marana finds the best plan of action to complete the projects and fund the improvements. Do you think this is a good idea?

The town of Marana is looking at ways to do capital improvements to the oldest neighborhoods in Marana. Over the next few months the town will survey older neighborhoods and see what amenities they need and form a plan to make sure neighborhoods have paved roads, sidewalks, adequate drainage, lighting and even pocket parks. “We want to make sure that every neighborhood has a base standard for infrastructure,” said Marana Town Manager Gilbert Davidson. The improvements are expected to take years to complete as Marana finds the best plan of action to complete the projects and fund the improvements. Do you think this is a good idea?

Total Votes: 23

Loading…

How do you feel about a potential memorial art project to honor our community’s bravest men and women?

During the Jan. 20 town council meeting, a vote was unanimously passed to look into the feasibility of a “Memorial Public Art Project,” at the request of Oro Valley resident Dick Eggerding to potentially be placed somewhere in the town to honor military veterans and first responders. Though no concrete plans were then ready to act on, there was a show of overwhelming support for such project from residents and staff alike during the council meeting. In an effort to poll to community at-large, The Explorer would like to know how you feel about a potential memorial art project to honor our community’s bravest men and women.

Total Votes: 42

Loading…

Follow us on Facebook