Gov. Katie Hobbs wants to halt Arizona’s progress toward lower tax rates, but what do Arizonans want? Republicans in the Legislature plan to put that question to voters with a ballot measure that could set the state’s income tax on a course to zero.
State Sen. J.D. Mesnard is leading a push to enact revenue triggers, which would automatically reduce Arizona’s income-tax rate each year if the state has a surplus. The state’s tax agency would measure the difference between recurring revenues and spending, and then adjust it for population growth and inflation. In the event of a surplus, it would cut the income tax by enough to reduce that surplus by half in the next year.
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