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Regulatory Tax CreditsOn Monday, February 20, the House Rules Committee approved HB 2815 (employment; incentives; regulatory tax credit) by a unanimous vote. The bill was cleared in caucus the next day and awaits consideration by the Committee of the Whole.A particular provision of HB 2815, establishing a tax credit for the costs of "excessive regulation," is highly objectionable. It provides that an individual who feels aggrieved by excessive regulation may apply to the Department of Revenue for a credit against his state taxes. The regulating jurisdiction would in turn compensate the state through withheld shared revenues. This untested and unworkable provision represents individualism run amok, ignoring that popularly elected municipal officials enact ordinances to establish common rules for the good of the community - rules that protect property values, establish sanitary standards, and promote aesthetic considerations. City and town officials are encouraged to express their objections to regulatory tax credits to their state legislators. |
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Legislative Bulletin is published by the League of Arizona Cities and Towns. Forward your comments or suggestions to league@azleague.org. |
