The recently signed $1.7 trillion spending bill could accomplish what six years of IRS audits and DOJ prosecutions could not: shutting down “syndicated conservation easements” that exploit a charitable tax break meant to preserve open land. Read more»

The House Ways and Means Committee released former President Donald Trump’s tax returns Friday morning, the long-fought result of a campaign over three years in the making. Read more»

If you’re trying to evaluate a charity this year, you might have a hard time as the IRS is behind on releasing Form 990s, limiting access to key financial information the public uses to evaluate the nation’s tax-exempt companies. Read more»

Courts have protected states’ ability to tax most economic interactions between tribal-run entities and non-tribal companies or individuals, a modern version of wealth extraction, treating tribes as lesser entities whose sovereignty can be ignored. Read more»

Any last hopes of resurrecting the expanded child tax credit as part of Congress’ massive spending package were dashed early Tuesday when the 4,155-page bill was released without a mention of the tax benefit. Read more»

After an hours-long, closed-door meeting, the House Ways and Means Committee voted to release to the public former President Donald Trump’s tax returns, which he has fought to shield for more than three years. Read more»

Sales of marijuana in Arizona soared to $1.6 billion in 2021, just one year after recreational pot was legalized in the state, making Arizona second only to California for retail sales that year. Read more»

The Supreme Court declined to shield former President Donald Trump’s tax returns from a congressional subpoena - a battle that began in 2019 when the Ways and Means Committee first requested six years of Trump’s personal and business filings. Read more»

Arizona cannabis sales continued to decline in September, but dispensary owners say it is not an unexpected phenomenon and the market will continue to mature as it withstands a worldwide recession on the heels of a global pandemic. Read more»

The passage of Proposition 308 this month guarantees in-state tuition and access to state-funded financial aid for every Arizona student regardless of citizenship status as long as they attend a high-school in the state for at least two years and graduate. Read more»

Arizona voters are set to approve or reject 10 ballot initiatives - the majority of which were referred to the ballot by legislators, including three which restrict the ability of Arizonans to pass their own laws. Read more»

Proposition 130 would restore a property tax break for veterans in the Arizona Constitution that was voided in 1990 by the Arizona Court of Appeals, which said constitutional language limiting the benefit to veterans who lived in the state before 1945 violated the equal protection clause. Read more»

Arizona’s cannabis marketplace suffered a loss of nearly $7 million in August - both medical marijuana and recreational sales dropped about $3.5 million each from the previous month - yet despite the overall reduction, total sales passed $980 million the first eight months of 2022. Read more»

The increasing popularity of hybrid and electric vehicles is shrinking revenue from gas taxes, prompting more states to consider charging fees based on miles driven to help pay for roads and bridges. Read more»

When Arizona voters approved a measure in 2020 that would have increased school funding by raising income tax on higher earners, they did so by a 52-48% margin - now, Proposition 132 would require any initiative that raises taxes to get approved by at least 60% of voters to pass. Read more»