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Arizona latest to consider legislation to abolish state income tax
Although Arizona’s state income tax recently dropped to one of the lowest in the nation, a rookie lawmaker disagrees with the concept of having an income tax at all. | Rep. Austin Smith, a West Valley Republican, filed House Bill 2395. He said taxpayers have struggled to make ends meet due to the current economic environment. 💬 “With millions of Arizonans suffering to make ends meet due to the devastating effects of Democrats’ hyperinflation and rising interest rates, I can’t think of a better time to get government out of the wallets of taxpayers by eliminating the income tax altogether,” Smith told The Center Square. ● The state collected $9.3 billion in individual income and withholding tax in fiscal year 2022, according to information from the state Department of Revenue. The figure represents a sizeable portion of the state’s total $27.8 billion in gross revenue from that fiscal year.
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