In FY 2020, the State of Arizona collected $19.9 billion in total state tax revenue. That same year it granted hundreds of credits, exemptions, deductions, and other “tax preferences.” According to the Arizona Department of Revenue, those tax preferences reduced the total tax liability for Arizona individuals and businesses by $20.3 billion. In other words, Arizona did not collect more revenue than it did collect.
- Publication date: February 2022
- Author: Justin Marlowe