PHOENIX (AP) — The Arizona House of Representatives has for the second time voted down a bill that would have reduced income taxes to offset new collections from online sales.
House Bill 2465, introduced by Republican Rep. J.D. Mesnard of Chandler, would require state tax authorities to determine how much in new sales taxes were collected in online sales in the first year and reduce the following year’s income tax rate by the same amount. Estimates of revenue from Internet sales tax vary from $100 million to more than $700 million in additional state and local sales tax dollars per year.
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