Arizona Prop 208 Adds a 3.5% Surcharge to Highest Personal Income Tax Bracket

Arizona voters approved Proposition 208, which took effect on January 1, 2021. Prop 208 adds a 3.5% surcharge to Arizona’s highest personal income tax bracket, resulting in an effective tax rate of 8% for affected taxpayers. At this increased 8% tax rate, Arizona becomes one of the highest taxing states for top earners.  Affected individuals are[ … ]

Proposition 207: Arizona Voters Vote To Legalize Recreational Marijuana

Arizona has voted to legalize marijuana for recreational use, a decade after the state legalized medicinal cannabis.  The measure is a win for Arizona’s marijuana community and businesses. Four years ago, voters rejected a ballot measure to legalize marijuana that fractured the pro-cannabis community in Arizona. This go around, backers of Prop. 207 sought consensus[ … ]