Arizona Legislature approves $9.2 billion budget - DC News FOX 5 DC WTTG

$9.2 billion budget passed, Legislature taking up tax cuts

Posted: Updated:

By BOB CHRISTIE and ASTRID GALVAN
Associated Press

PHOENIX (AP) -- The Arizona House and Senate have given final approval to a pair of tax cuts for manufacturers just a day after adopting a $9.23 billion state budget.
 
One would give a multi-million tax credit to the world's biggest corporation to install and run a solar facility.
 
The Legislature approved House Bill 1413 eliminating sales taxes on electricity purchased by manufacturers that is expected to cost the state general fund $17 million a year. That bill is backed by Gov. Jan Brewer.
 
Another bill, HB 1413, specifically targets Apple Inc.'s planned Mesa sapphire glass manufacturing plant by providing a $5 million tax credit if it installs at least $300 million in renewable power capacity to supply its plant.
 
Apple already qualifies for a $10 million grant from the Arizona Commerce Authority.

Copyright 2014 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Didn't find what
you were looking for?

Powered by WorldNow

WTTG FOX 5 & myfoxdc
5151 Wisconsin Ave. NW
Washington, DC 20016
Main Number: (202) 244-5151
Newsroom: (202) 895-3000
fox5tips@wttg.com

Didn't find what you were looking for?
All content © Copyright 2000 - 2014 Fox Television Stations, Inc. and Worldnow. All Rights Reserved.
Privacy Policy | Terms of Service | Ad Choices