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Ducey proposes earned-income tax credit in $14B budget plan

Ducey state of the state 2022
AP Photo/Ross D. Franklin
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Arizona Republican Gov. Doug Ducey gives his state of the state address at the Arizona Capitol, Monday, Jan. 10, 2022, in Phoenix.

Arizona Gov. Doug Ducey is proposing a tax credit for the working poor.

The proposal released Friday marks the first time in his eight years of pushing tax cuts that Ducey has pitched a benefit targeted at the lowest-income taxpayers.

It's part of a $14.2 billion proposed spending plan for the state fiscal year that begins July 1.

The budget proposal also includes a $58 million in unspecified corporate tax cuts. Ducey projects the state will start the fiscal year with $2 billion in the bank.