Invest in Arizona collected signatures for a second veto referendum related to revenue generation from Proposition 208, but not enough signatures were found valid. Senate Bill 1828, Sections 13 and 15, would not make a direct change to the income tax surcharge. Proposition 208 was designed to enact a 3.50% income tax surcharge and allocate the revenue to education and teacher-related programs. The ballot measure committee was known as Invest in Education in 2020 and supported Proposition 208, which voters approved. Invest in Arizona was leading the campaign for the veto referendum (a "no" vote on the legislation). ![]() A "no" vote was to repeal the legislation. Īs of 2021, the highest income tax rate in Arizona was 4.50% on income above $159,000 (single filing) or $318,000 (joint filing).Ī "yes" vote on a veto referendum in Arizona was to uphold the legislation. The two tax brackets would be reduced to a flat rate of 2.5% when state revenue exceeds $12.976 billion. The tax rates would be, for a single filer, 2.55% on income of $27,272 or less and $695, plus 2.98%, on income above $27,272. Under SB 1828, the state's four tax brackets were reduced to two on December 31, 2021. Together, Sections 13 and 15 reduced the state's income tax brackets from four to twoĪnd further reduce the tax brackets to a flat rate when state revenue exceeds $12.976 billion ($12,976,300,000). The veto referendum was designed to repeal Sections 13 and 15 of Senate Bill 1828 (SB 1828). Overview What did the veto referendum seek to repeal? 1.2 Who was behind the veto referendum?. ![]() ![]() 1.1 What did the veto referendum seek to repeal?.
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