Chambers of Commerce Letter to the Governor Re: HB 2220 Property Tax Repeal

UPDATE: The Governor vetoed this bill.

NOTE: I am so pleased to see that both the Lake Havasu Area Chamber of Commerce and the Bullhead City Chamber of Commerce signed on in support of the bill. I wonder where the Kingman Chamber of Commerce stands.

April 11, 2008

The Honorable Janet Napolitano
Office of the Governor
1700 W. Washington Street
Phoenix, Arizona 85007

Dear Governor Napolitano:

As chambers of commerce across Arizona, we encourage you to sign HB 2220 to
permanently repeal the state equalization property tax. Signing this legislation would
prevent an approximately $250 million annual tax hike on businesses and residential
property owners during a time when Arizonans are experiencing economic strain.

The statewide business community has made permanent repeal of the state equalization
rate a top priority for the 2008 legislative session. Currently, commercial property owners in Arizona pay more than twice the amount in taxes that residential property owners pay. That places Arizona in the top highest for commercial property taxes and far above our neighboring states, thus harming our competitiveness.

The business community recognizes the severity of the state’s fiscal crisis. We remain
convinced; however, that the economy is best stimulated by private enterprise. Creating an environment in which businesses can flourish will allow companies to make additional investments that will advance our economy in a powerful way. During this economic crisis, we have an opportunity to put policies in place that position us for future success. Permanently repealing the statewide equalization rate is one important step in that direction.

Sincerely,
Ajo District Chamber of Commerce
Arizona Chamber of Commerce & Industry
Bullhead Area Chamber of Commerce
Benson-San Pedro Valley Chamber of Commerce
Camp Verde Chamber of Commerce
Chino Valley Area Chamber of Commerce
East Valley Chambers of Commerce Alliance:
Ahwatukee Foothills Chamber of Commerce
Apache Junction Chamber of Commerce
Chandler Chamber of Commerce
Gilbert Chamber of Commerce
Mesa Chamber of Commerce
Queen Creek Chamber of Commerce
Scottsdale Chamber of Commerce
Tempe Chamber of Commerce
Flagstaff Chamber of Commerce
Fountain Hills Chamber of Commerce
Lake Havasu Area Chamber of Commerce
Greater Phoenix Chamber of Commerce
Pinetop-Lakeside Chamber of Commerce
Prescott Chamber of Commerce
Prescott Valley Chamber of Commerce
Sedona Chamber of Commerce
Southern Arizona Chambers of Commerce Alliance:
Marana Chamber of Commerce
Nogales-Santa Cruz County Chamber of Commerce
Northern Pima County Chamber of Commerce
Rio Rico Chamber of Commerce
Greater Sierra Vista Area Chamber of Commerce
Tucson Gay, Lesbian, Bisexual, Transgendered Chamber of Commerce
Tucson Hispanic Chamber of Commerce
Tucson Metropolitan Chamber of Commerce
St. John’s Regional Chamber of Commerce
Tri-City Hispanic Chamber of Commerce
West Valley Chambers of Commerce Alliance:
Buckeye Valley Chamber of Commerce
Glendale Chamber of Commerce
Peoria Chamber of Commerce
Southwest Valley Chamber of Commerce
Surprise Regional Chamber of Commerce
Wickenburg Chamber of Commerce
Williams-Grand Canyon Chamber of Commerce
Yuma County Chamber of Commerce