Posted: 5/13/2010 3:21:07 PM EDT
| Get ready, AZ. Here comes the screwing. SB1185 was a tax bill that passed the house and senate that Gov. Brewer signed. Don't know about anyone else, but my state taxes just tripled. |
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Ok, tripled?! Wow.
De-coupling the state rates from the Fed rates is useful, for budgeting purposes. It's not going to make the life of the accountants any easier, though. Trying to explain the 1/2 year change, and subsequent years - yech. And the A-4 form makes no provision for AGI adjustments, etc. I predict a record year of collections followed by "Ooops, too bad, guess we'll just have to keep it & spend it." /see J Appalitano/ Link to new state forms: www.azdor.gov/Forms/Withholding.aspx |
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Where is the version that was signed. Looking at the Az Leg system, even the Senate Engrossed Version, which was the last version, and shows as the verion that was signed, had to do with school attendance. I saw nothing about taxes there.
http://www.azleg.gov/DocumentsForBill.asp?Bill_Number=SB1185&image.x=7&image.y=11 And this is the Summary/Facts Sheet that shows the version that was transmitted to the governor. Do you have the correct bill? |
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I think it was passed last session, and only now have they published the new rates & regs.
Senate Bill 1185 (Laws 2009, 1st Reg. Session, Chapter 2) Found over here: http://www.azdor.gov/Business/WithholdingTax.aspx |
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from what I read it wont raise your taxes. they are just requiring you to fill out new witholding amount based on a new formula. It says you can kepp your witholding exactly the same as it is now. percentage witholding options start with 1.3 percent ranging to 5.1 percent and then you can write in aditional witholding if you want to pay extra on top of one of those percentages to get your witholding as close as possible to what you will owe in the year. I claim zero and pay them at the end of the year and it even saays i can keep doing that. I know it is against the "rules" to claim yero witholding when you know your going to owe taxes but I have been doing it for seven years and never had a problem. Not even a penalty when I file. These fuckers are crazy if they think im going to let them have a dime more than i oewe them from my paychecks considering the comments made a while back about the possibility of an IOU for a refund. |