Arizona lawmakers to tackle income tax overhaul - wave3.com-Louisville News, Weather & Sports

Arizona lawmakers to tackle income tax overhaul

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PHOENIX (AP) -

A committee made up mainly of tax-cut champions from inside and outside the Legislature has its first meeting Wednesday to come up with proposals to revamp Arizona's income tax code.

The push comes after Arizona lawmakers slashed the state's corporate tax rate in 2011, sliced other business and capital gains taxes in 2012 and just completed a major overhaul of the state's sales tax collection system to help businesses.

Republicans say an income tax overhaul is needed to improve the state's business climate and make it simpler and fairer to the average taxpayer.

But one of two committee Democrats worries it will turn into another effort to institute a so-called "flat tax" that shifts the burden from the rich to the middle class and poor.

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