Tax reform ideas sought by Senator Fannin in Arizona
Senator Paul Fannin sent 4,900 letters to attorneys and CPAs in Arizona seeking ideas on tax reform as the House Ways and Means Committee prepares to begin hearings. He asks for suggestions from businesspeople, ranchers, professionals, and wage earners, noting utilities and homeowners are taxed at 25 percent of full cash value. The 1975 mining values rose to 1.7 billion, with Phelps Dodge Morenci leading gains. In Pima County eight mines show mixed changes, highlighted by Cyprus Pima Mining and Duval Esperanza and Sierrita mines with notable shifts in value.