AZ Income Tax Credits 93,000% Larger For Companies Than Individuals

Skewed or Screwed?

You can find out in a new report from Jim Small, managing editor of the AZ Mirror who likes to probe into things covering state government, policy and politics.

He's been on the job since 2004.

 

Arizona income tax credits are 93,000% larger for companies than individuals

By Jim Small February 25, 2019

If you’ve ever wanted proof that Arizona’s tax laws are skewed in the favor of businesses and not individuals, here it is: The average income tax credit claimed by corporations is 93,286% larger than the average income tax credit claimed by individuals.
In tax year 2016, the last year for which data is available, there were 549 corporations that took advantage of 17 different income tax credits, totaling more than $127 million. (Another nine tax credits on the books received no claims.)
By comparison, there were almost 1.8 million Arizonans who claimed 31 different types of credits that same year, totaling about $447 million. (There are eight tax credits that had no claims.)
That makes the average claim for businesses $232,284, while we individuals averaged claims of a mere $249 . . .
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Jim Small

Jim Small is a native Arizonan and has covered state government, policy and politics since 2004, with a focus on investigative and in-depth policy reporting, first as a reporter for the Arizona Capitol Times, then as editor of the paper and its prestigious sister publications, the Yellow Sheet Report and Arizona Legislative Report.

Under his guidance, the Capitol Times won numerous state, regional and national awards for its accountability journalism and probing investigations into state government operations