House approves business, self-employed tax cuts - New York News

House approves business, self-employed tax cuts

Posted: Updated:
Rep. Tom Forese (R - Dist. 17) Rep. Tom Forese (R - Dist. 17)

By BOB CHRSITIE
Associated Press

PHOENIX (AP) -- A sharply divided Arizona House has given final approval to a bill lowering the property tax rate assessed new construction and on fixtures and other so-called "personal property" businesses own if they expand and add jobs.
 
The bill also gives the self-employed a 2 percent tax deduction on their first $114,000 in earnings. The value of the business tax break isn't known, but the self-employed reduction is valued at $58 million a year.
 
Rep. Tom Forese says his self-employment tax cut is intended to offset a 2 percent increase in Social Security withholding tax that went into effect Jan. 1. The increase happened when a temporary cut in withholding designed to stimulate the economy expired. Republicans call that a tax hike.
 
The 32-27 vote sends the bill to the Senate.

Copyright 2013 The Associated Press modified.

  • Local NewsLocal NewsMore>>

  • Dead cats found hanging from trees in Yonkers

    Dead cats found hanging from trees in Yonkers

    Thursday, April 24 2014 11:03 PM EDT2014-04-25 03:03:00 GMT
    SPCA of Westchester photoSPCA of Westchester photo
    Police are investigating the discovery of at least two dozen dead cats found inside plastic bags hanging from trees in Yonkers Thursday, according to the SPCA of Westchester. Some of the cats were badly decomposed but others appeared more recently killed.
    Police are investigating the discovery of at least two dozen dead cats found inside plastic bags hanging from trees in Yonkers Thursday, according to the SPCA of Westchester. Some of the cats were badly decomposed but others appeared more recently killed.
  • Some residents return after NJ brush fires force evacuations

    Some residents return after NJ brush fires force evacuations

    Thursday, April 24 2014 10:42 PM EDT2014-04-25 02:42:55 GMT
    A school and many homes in Ocean County, N.J., were evacuated on Thursday afternoon because of several brush fires that were fanned by winds. Some residents returned a few hours later. The largest fires burned about 300 acres around Berkeley Township. Firefighters had about 30 percent contained late Thursday night.
    A school and many homes in Ocean County, N.J., were evacuated on Thursday afternoon because of several brush fires that were fanned by winds. Some residents returned a few hours later. The largest fires burned about 300 acres around Berkeley Township. Firefighters had about 30 percent contained late Thursday night.
  • 'Here Lies Love'

    'Here Lies Love'

    Thursday, April 24 2014 7:33 PM EDT2014-04-24 23:33:22 GMT
    "Here Lies Love" tells the rise and fall of former Philippines first lady Imelda Marcos. History meets disco literally as the story is told in a nightclub.Ruthie Ann Miles plays Marcos. Miles admits a big challenge is bringing to life a woman with views vastly different from her own and giving that to show-goers. "As an actor you believe in yourself," Miles says. "You need to be your own best friend, your own biggest supporter so that the audience can come on a journey with you."
    "Here Lies Love" tells the rise and fall of former Philippines first lady Imelda Marcos. History meets disco literally as the story is told in a nightclub.Ruthie Ann Miles plays Marcos. Miles admits a big challenge is bringing to life a woman with views vastly different from her own and giving that to show-goers. "As an actor you believe in yourself," Miles says. "You need to be your own best friend, your own biggest supporter so that the audience can come on a journey with you."
Powered by WorldNow
Didn't find what you were looking for?
All content © Copyright 2000 - 2014 Fox Television Stations, Inc. and Worldnow. All Rights Reserved.
Privacy Policy | Terms of Service | Ad Choices