The Arizona state legislature has an exciting opportunity to put Arizona on the path to becoming a no income tax state. House Bill 2752, sponsored by Rep. Bret Roberts and co-sponsored by J.D. Mesnard, would use revenue triggers to responsibly reduce the income tax rate over time until it is phased out completely.
Putting Arizona’s income tax on the path to zero would make it an even more attractive place to live, invest, and do business. The Tax Foundation’s Business Tax Climate Index consistently ranks states without individual income taxes are having friendlier business tax climates.
HB 2752 would responsibly phase out the state income tax over time, bringing new jobs and opportunities to the Grand Canyon State. This is sound policy, smart politics, and would make Arizona the model for other states to copy.