Chandler’s mayor says a bill signed into law by the Arizona governor late this week will cost the city about $11 million per year in tax revenue.
Tuesday, Aug. 1, Gov. Katie Hobbs signed legislation to eliminate the right of cities and towns to impose a local sales tax on residential rentals.
Capitol Media Services reported not all communities have such a levy — Tucson for example, does not — 75 of the 91 cities in the state do at rates ranging from 1% to 4%. Chandler charges 1.5% of gross rental income.
