Arizona Jobs Bill – HB 2001 will lower business property taxes, targets jobs creation
Arizona is open for business with business property tax cuts and targeted incentives aimed at job creation. That’s the purpose and strategy behind HB 2001 that was signed into law last month. That’s what the sponsors want you to remember. What they didn’t tell you is what will happen to residential property taxes. Buried deep in the 214 page bill is a change to the tax treatment of residential property. And in this bill what they didn’t tell you will cost you. How so? Read on.