The Maricopa County Superior Court was left to determine whether appropriated education expenditures with Proposition 208 revenue would truly exceed the cap.
Proposition 208 reached the Arizona Supreme Court on August 19, 2021, but it was ultimately declared unconstitutional to the extent it mandated expending tax revenue in excess of a constitutional cap on education spending. As Proposition 208 wound its way through the adjudication process in the summer of 2021, the Arizona legislature passed four bills that curtailed the reach of the surtax. Arizona) was filed, which challenged its constitutionality. But by the end of November, a lawsuit ( Fann v. The initiated state statute, which assessed a 3.5 percent surtax on income over $250,000 ($500,000 for joint filers), was approved by voters on Election Day 2020. The only uncertainly that remains concerns the timing of Arizona’s transition to a flat-rate individual income tax. The saga of Proposition 208, Arizona’s income surtax, appears to have finally reached its conclusion.
0 kommentar(er)
