Voters in Arizona will not vote on a veto referendum to repeal a new income tax law this November.
Last week, the Arizona Supreme Court ruled against a veto referendum that challenged two sections of an omnibus appropriations bill signed by Gov. Doug Ducey (R) in June 2021. The sections (13 and 15 of Senate Bill 1828) would reduce Arizona’s state income tax from four brackets to two brackets, and reduce the brackets to a flat rate of 2.50% when state revenue exceeds $12.976 billion.
In Arizona, income of $26,500 or less is taxed at 2.59%, while income of $159,001 or more is taxed at 4.50% (brackets for those paying jointly are double these dollar amounts). Sections 13 and 15 would change the four brackets to two brackets of 2.55% and 2.98%.
