Arizona implements flat tax and elective small business income tax

The Arizona House and Senate have come together to get a bill to Governor Doug Ducey for signature. Included in the bill is the implementation of a flat tax, which isn’t really flat until at least three years out. For 2021, there will be a total of four tax brackets: 2.59%, 3.34%, 4.17% and 4.5%. For 2022, …

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