TUCSON, Ariz. (KOLD News 13) - Today, the Superior Court of Arizona denied a preliminary injunction request to stop the implementation of Prop. 208, which was approved in last year’s General Elections.
The act imposes a 3.5% tax surcharge on taxable annual income over $250,000 on individuals, or $500,000 for married persons filing jointly. This in addition to an already existing tax of 4.5%, for a combined tax rate of 8%.
Funds gathered through the act are then allocated into Arizona’s education system.
According to the ‘Yes on 208′ campaign, the Invest in Education Act is expected to raise almost $1 billion for state schools just in its first year.
If the injucttion had been approved in court, it would have prohibited the state government and the Arizona Department of Revenue from taking any action enforcing the tax on Arizona’s wealthiest.
“This is a win for students and teachers,” said Rebecca Gau, Executive Director of Stand for Children Arizona. “We think this is a very positive sign that the courts will do what is right and just, which is to uphold the voter-approved Invest in Education Act that our students and teachers so desperately need.”
Below is a digital copy of the state’s ruling against the plaintiff’s opposition to the act: