Posted by AzBlueMeanie:
Horizon Eight (PBS) looks at Prop. 116 which raises the personal property tax exemption on newly-acquired business equipment and machinery. The measure has no organized opposition. Farrell Quinlan, Arizona State Director for the National Federation of Independent Business, explains Prop 116, a constitutional amendment that was referred to the ballot by state lawmakers.
Horizon also looks at Prop. 117, a constitutional amendment referred to the ballot by the Arizona Legislature that would limit - to 5% - annual increases in property value which is used to calculate property taxes. Guests are Arizona Tax Research Association President Kevin McCarthy, who supports Prop 117, and Maricopa County Treasurer Charles “Hos” Hoskins, who is opposed to the measure.
Videos below the fold.