ASBA Endorses Yes on Prop 126 to Stop New Taxes on Services for Small Businesses
PHOENIX--(BUSINESS WIRE)--Oct 3, 2018--Yes on Prop 126 – the Arizona Small Business Association’s (ASBA) announces formal endorsement of the new Arizona proposition prohibiting the state and local governments from enacting new taxes or increasing tax rates in effect on December 31, 2018, on services performed in Arizona.
“There are a high percentage of small businesses that provide professional services to the public and other businesses,” said Andy Hann, ASBA Chairman, Public Policy Committee. “Eliminating the opportunity for Government to tax services will ensure that Arizona maintains a competitive environment to attract new service businesses to the state. A taxation on services will adversely affect small businesses. Business competition provides better service and reduced cost that will benefit all Arizonans.”
The constitutional amendment Prop 126 would prohibit the state and each county, city, town, district, or other political subdivision in Arizona from imposing a new or increased tax on services that was not already in effect on December 31, 2017. Services can include various types of economic activities that don’t involve tangible goods, from personal-oriented activities, including salon services, pet grooming, amusement, and fitness activities, to financial-oriented activities, including real estate transactions, banking, and investment management, to healthcare-oriented activities, such as doctor visits.
ASBA continues a 45-year legacy of providing advocacy and resources to local small businesses, creating new and better ways to make business-to-business connections, and advocating for public policy supporting the state of Arizona business community.
View source version on businesswire.com:https://www.businesswire.com/news/home/20181003005256/en/
CONTACT: Arizona Small Business Association (ASBA)
Angelia Hill, Vice President, Marketing
KEYWORD: UNITED STATES NORTH AMERICA ARIZONA
INDUSTRY KEYWORD: SMALL BUSINESS PROFESSIONAL SERVICES OTHER PROFESSIONAL SERVICES
SOURCE: Arizona Small Business Association (ASBA)
Copyright Business Wire 2018.
PUB: 10/03/2018 11:00 AM/DISC: 10/03/2018 11:01 AM