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State tax cut.(Payroll News and Views)
Last month, the Omnibus Tax Relief Act (HB 2876) was signed into law by the governor of Arizona. The new legislation reduces the state's personal income tax rates by 10% over a two-year period. Pre-Act rates ranged from 2.87% of taxable income up to $10,000 to 5.04% of taxable income over $150,000 for singles …
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