People making investments may be making more money in Arizona, but the state is missing out. The state House approved a bill this week that will give people a tax break on investments when they go to sell.
Right now if you're making money selling things like stocks or land, you get a 25 percent discount when it comes to your state income taxes. With the passage of HB 25-28 Wednesday, it will increase that discount to 50-percent over time, but some say the bill will cut state revenue by 23-million bucks a year.
The bill now is in the hands of the Senate.