INDIVIDUAL INCOME TAX STATISTICS BY CITY AND COUNTY FOR 2009
June 12, 2013
The Office of Economic Research and Analysis has released the 2009 Individual Income Tax Abstract by City and County.
In 2009, only 2 counties (Apache and Cochise) had an increase in average Federal Adjusted Gross Income. Arizona as a whole had a decline in average Federal Adjusted Gross Income to $50,699 from $53,584. As far as the incorporated cities/towns go, 8 out of 85 had an increase in Federal Adjusted Gross Income. (There are only 85 because some cities/towns are combined due to overlapping zip codes.) Not one of the largest cities in Arizona had an increase in average Federal Adjusted Gross Income in 2009 over 2008.
CORPORATE INCOME TAX STATISTICS FOR TAX YEAR 2010
May 13, 2013
Corporations filing Arizona corporate tax returns for tax year 2010 reported federal taxable income of $377.3 billion, a 139.3% increase over the $157.6 billion reported for tax year 2009. If returns with negative federal taxable income are excluded from the comparison, there was a growth of 13.9% in federal taxable income. The number of corporations filing an Arizona corporate income tax return for 2010 with federal taxable income of $1 million or over increased 11.5%, from 104 for tax 2009 to 116 for tax year 2010. If additional detail is desired, contact Georganna Meyer at (602) 716-6927.
2012 PUBLIC SCHOOL TAX CREDIT REPORT
April 25, 2013
The 2012 Public School Report has been posted on the Arizona Department of Revenue website. This report provides statistics on the individual income tax credit for the support of extracurricular activities or character education programs. The report can be found at: 2012 Public School Contributions
Public schools reported receiving $51.8 million in fees or cash contributions for the support of extracurricular activities or character education programs for 2012. This is an increase of 6.9% over the $48.4 million reported for 2011 and is the most ever received by public schools in a calendar year since the beginning of this program.
RENEWABLE ENERGY PRODUCTION TAX CREDIT
February 6, 2013
For production year 2012, 11 renewable energy production fields were approved for the renewable energy production tax credit, the majority of which were solar fields. Almost $10 million in credit was approved, out of the maximum $20 million that is allowed. This compares to $1.3 million approved for production year 2011. The taxpayers can claim the 2012 credits in their taxable year in which December 31, 2012 falls.
Fiscal Year 2011 Tax Expenditure Report
January 7, 2013
The Office of Economic Research and Analysis has updated the Fiscal Year 2011 Tax Expenditure Report to include a complete Corporate Income Tax section. The final Fiscal year 2011 Tax Expenditure Report will be available when the Individual Income Tax Section can be completed.
ARIZONA INCOME TAX CREDITS
November 5, 2012
The Office of Economic Research and Analysis has released an updated report on Arizona Income Tax Credits. The November 2012 report presents limited figures for tax year for 2011 for individual income tax credits and comprehensive figures for tax years 2010 back to 2003. Comprehensive numbers are presented for tax year 2010 through 2002 for corporate income tax credits.
The individual income tax revenue reduction as a result of tax credits was $244 million for tax year 2009 and $245 million for tax year 2010. Numbers for tax year 2011 are at $215 million, but this number is expected to increase slightly as additional returns are processed.
The corporate income tax revenue reduction as a result of tax credits was $55 million for tax year 2009 and was $90 million for tax year 2010.
October 15, 2012
92 of the largest Arizona withholding payers are currently tracked to determine their percent change in quarterly withholding collections. The chart below shows the percentage change over the 16-year period. This list has been expanded twice to better capture changes in industries. The combined withholding of the 92 tracked companies for Q2 of 2012 increased 5.2% over the same quarter last year. As a comparison, total withholding collections increased 4.0% over that same quarter.
CORPORATIONS USING THE AIR CARRIER APPORTIONMENT FORMULA
September 27, 2012
A taxpayer that is a qualifying air carrier must use revenue miles to apportion its business income to Arizona. The taxpayer must be engaged in air commerce. “Air commerce” means transporting persons or property for hire by aircraft in interstate, intrastate or international transportation.
For tax years 2007, 2008 and 2009, there were 39, 42 and 36 taxpayers, respectively, using the air carrier apportionment formula. For tax year 2007, these corporations indicated on the Arizona Form 120 that they had ($7,767,824,834) in federal taxable income. They paid $693,687 in Arizona corporate income tax, with 30 of the 39 taxpayers paying the minimum corporate income tax of $50. For tax year 2008, federal taxable income stated on the Arizona Form 120 was ($3,685,796,866), with $230,443 in Arizona corporate income tax. Of the 42 taxpayers using the airline carrier apportionment formula, 34 paid the $50 minimum tax. For tax year 2009, federal income tax stated on the Arizona Form 120 was ($5,361,512,313). In this tax year, $498,929 was the total Arizona corporate income tax liability, with 7 taxpayers paying more than the $50 minimum Arizona corporate income tax.
CORPORATE INCOME TAX STATISTICS FOR TAX YEAR 2009
August 21, 2012
In tax year 2009, 15,975 corporations filed Arizona corporate income tax returns indicating that they are multi-state corporations. Of these 15,975 corporations, 10,011 had negative or $0 taxable income or had no income that was apportionable to Arizona. The remaining 5,964 corporations comprised 36 using the airline apportionment ratio, 226 using the optional 80%-weighted sales factor apportionment formula and the remaining 5,702 using the double-weighted sales factor apportionment formula. The multi-state corporations (all of the 15,975) reported the following information:
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Tax year 2008
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Tax year 2009
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Arizona property
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$242,096,188,996
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$245,998,512,300
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Total property
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$8,961,035,373,066
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$10,613,950,004,285
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Arizona payroll
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$40,655,133,575
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$40,661,016,871
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Total payroll
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$1,696,936,434,580
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$1,726,462,372,749
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Arizona sales
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$238,084,532,933
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$210,027,728,595
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Total sales
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$51,962,883,334,032
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$75,967,482,466,784
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THE EFFECT OF ARIZONA CORPORATE INCOME TAX CREDITS ON ARIZONA CORPORATE INCOME TAX COLLECTED
July 27, 2012
Preliminary data for tax year 2010 shows that corporate income tax liability after credits as a percent of initial corporate income tax liability has declined to 83.2%. In 2004, corporate income tax liability after credits was 98.4% of initial corporate income tax liability. The chart below shows the percentage over the 16-year period.
ARIZONA INCOME TAX CREDITS
July 13, 2012
The Office of Economic Research and Analysis released an updated report on Arizona Income Tax Credits in June 2012. This report presents limited figures for tax year for 2011 for individual income tax credits and comprehensive figures for tax years 2010 back to 2003. Limited figures are presented for tax year 2010 for corporate income tax credits, with comprehensive numbers for 2009 through 2002.
The individual income tax revenue reduction as a result of tax credits was $244 million for tax year 2009. Numbers for tax year 2010 are at $237 million, but this number is expected to increase slightly as additional returns are processed.
The corporate income tax revenue reduction as a result of tax credits was $83 million for tax year 2008. Numbers for tax year 2009 are at $54.4 million, but this number is expected to increase as more research is completed.
2011 PUBLIC SCHOOL TAX CREDIT REPORT
July 3, 2012
The 2011 Public School Report has been posted on the Arizona Department of Revenue website. This report provides statistics on the individual income tax credit for the support of extracurricular activities or character education programs. The report can be found at : 2011 Public-School Contributions
Public schools (which includes charter schools) reported receiving $48.4 million in fees or cash contributions for the support of extracurricular activities or character education programs for 2011. This is an increase of 10.8% over the $43.7 million reported for 2010 and is the most ever received by public schools in a calendar year since the beginning of this program.
INDIVIDUAL INCOME TAX STATISTICS BY CITY AND COUNTY FOR 2007
April 20, 2012
We just posted the 2007 Individual Income Tax Abstract by City and County to our website.
In 2007, only 3 counties had an increase in average Federal Adjusted Gross Income. Those three counties were Graham, Greenlee and Santa Cruz. Arizona as a whole had a decline in average Federal Adjusted Gross Income to $56,703 from $59,923. As far as the incorporated cities/towns go, 22 out of 85 had an increase in Federal Adjusted Gross Income. (There are only 85 because some cities/towns are combined due to overlapping zip codes.) Not one of the largest cities in Arizona had an increase in average Federal Adjusted Gross Income in 2007 over 2006.
The 2008 Individual Income Tax Abstract by City and County will be posted within a couple months.
WITHHOLDING REDUCTION FOR TAX CREDIT DONATIONS
April 10, 2012
Pursuant to A.R.S. § 43-401I., an employer may agree to reduce the amount withheld for individual income tax at an employee’s request by the amount of the credit for contributions to charities that provide assistance to the working poor, the credit for private school tuition organization donations and the credit for public school extra curricular activity. Employers are required to furnish a statement of the amount withheld and paid on behalf employees to the Arizona Department of Revenue.
For calendar year 2011, $475,399 was reported to have been paid to organizations on behalf of employees for the three credits mentioned above. In terms of the amount of withholding that was reduced for each credit type, 1.6% of the $475,399 was for the credit for contributions to charities that provide assistance to the working poor, 1.3% was for the credit for public school extra curricular activities and 97.1% was for the credit for donations to private school tuition organizations.
WITHHOLDING REDUCTION FOR TAX CREDIT DONATIONS
Pursuant to A.R.S. § 43-401I., an employer may agree to reduce the amount withheld for individual income tax at an employee’s request by the amount of the credit for contributions to charities that provide assistance to the working poor, the credit for private school tuition organization donations and the credit for public school extra curricular activity. Employers are required to furnish a statement of the amount withheld and paid on behalf employees to the Arizona Department of Revenue.
For calendar year 2010, $251,882 was reported to have been paid to organizations on behalf of employees for the three credits mentioned above. In terms of the amount of withholding that was reduced for each credit type, 9.4% of the $251,882 was for the credit for contributions to charities that provide assistance to the working poor, 12.1% was for the credit for public school extra curricular activities and 78.5% was for the credit for donations to private school tuition organizations.
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