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Arizona voters OK sales tax hike

May 19, 2010

The Grand Canyon State continues to raise eyebrows, this time with its traditionally tax-averse electorate choosing to raise taxes.

On July 1, Arizona shoppers will pay a 6.6 percent sales tax on most purchases. The 1-cent increase will last for three years,

Republican Gov. Jan Brewer's support of the tax increase had been seen
by many as political suicide.

Twenty challengers have signed up to face her in the August GOP
primary, but with approval of the sales tax increase that's like to change. Brewer can now argue that she did what the majority of Arizona voters, or at least the majority on May 18, wanted,

If the sales tax hike, which is expected to raise $1 billion a year, had failed, lawmakers had more budget cuts ready to go. Those legislative threats of additional funding cuts, especially in public education, seemed to sway voters.

On more local levels, however, anti-tax advocates were more successful.

While the statewide sales tax increase was widely accepted by Arizona voters, three of four municipal tax hikes also on ballots failed.

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It’s over! With October’s extended filing deadline behind us, it is now time to focus on year-end moves to reduce your 2026 tax bill. 

You’ll find ways to do just that on the Tax Tips page (see the More Tax Posts drop-down menu at the top of the blog), as well as the separate tax tip pages for each month, notably October through December. If you’re on the Tax Tips page, you’ll find a monthly list at the end of this column. If you’re on another blog page, you can head straight to the October tips; at the bottom of that tips page you’ll find links to all the other 11 months’ collections of tax advice.

Not to spoil what you’ll find in that tax advice, but it does cover such things as tax deductions for charitable donations, investment moves that could reduce tax due, and ways to max out your tax-favored retirement savings. 

Finally, as the year winds down, things get hectic. There are lots of other things to occupy our time, like the much more fun upcoming holidays. But don’t lose sight of taxes, since timing is key. To be of use, most tax moves must be made by the end of the tax year. That’s Thursday, Dec. 31, which also is the last business day of the year. 

So that you don’t miss that final tax year deadline, also keep an eye on the countdown clock below. It will keep you on top of just how much time is left to make important, tax-saving moves. (Note: I’m in the Central Time Zone, so adjust accordingly for where you live.)

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