Arizona’s tax agency improperly excluded investment tax credits from the valuation of renewable energy equipment, violating state property tax law, the Arizona Court of Appeals said. The value of an investment tax credit deferred as a tax asset applies to Agua Caliente Solar LLC’s property under an Arizona law that governs tax valuation of renewable…
Dianne Post didn’t believe it until she saw it, right there in the deed to her central Phoenix home.“Sure enough, on page 13 there it is: ‘This property may only be sold only to Caucasians’,” Post said, reading from her paperwork.Racially based restrictions on property sales are unenforceable. But a new law that takes effect…
Arizona homeowners could get a tax refund if they can prove their local government didn’t enforce nuisance laws on the homeless near their property. The state is considering a new refund that has some … See the full article on Arizona tax laws, or, read more Arizona real estate investing news. It’s your call!
PHOENIX — From their modest apartment buildings alongside a block-long strip of gravel and scrub grass, the residents can see the tents and tarps and empty Mountain Dew bottles, hear the late-night fights and occasional gunshots, and smell the stringent, slightly sweet odor of burning fentanyl.“It brings the value of the properties down,”…
Arizona voters will decide on a ballot measure in November that could mean tax refunds for property owners if cities fail to tackle homeless encampments. See the full article on Arizona tax laws, or, read more Arizona real estate investing news. It’s your call!
YUMA, Ariz. (KYMA, KECY) – Arizonans could now get a refund on their property taxes if HCR 2023 passes. HCR 2023 would “allow property owners to apply for a property tax refund if the city or locality in which the property is located does not enforce laws or ordinances.” If a property owner feels they are…
Howard Fischer PHOENIX — Arizonans who got the state’s family rebate last year had better pay federal taxes on it when they file their returns next week.But they might ultimately get it back.A federal judge has rejected a bid by state Attorney General Kris Mayes to get an immediate declaration that the proceeds — up…
By Howard FischerCapitol Media ServicesPHOENIX — State lawmakers are one step away from approving legislation designed to make it easier for property owners to get squatters out of their homes.But a key Democrat lawmaker said she fears the proposed fix for the issued confronting some homeowners could end up being used as a weapon by…
Leaders pushed to June the decision over how to address Surprise’s $14.3 million shortfall to allow residents to comment on proposed changes. See the full article on Arizona tax laws, or, read more Arizona real estate investing news. It’s your call!
Generally, tribal lands held in trust by the federal government are exempt from state and local taxation under Section 5 of the Indian Reorganization Act of 1934 (the Act). However, when non-Indians are involved in ownership or use of such lands, the situation can become more complicated. On March 19, 2024, the Arizona Court of…