Arizona Commercial Collection Agency
In Arizona, officials are elected to approve expenditures and manage the state’s finances (e.g. annual revenues). Depending on the state and its population’s performance, the Arizona budget can be complex and contain many different levels. If a state’s revenue isn’t kept in stride with expenditures, the officials might have to raise taxes, borrow money, and/or cut services. This page is dedicated to present Arizona’s budget data to citizens within and around the state.
According to Ballotpedia.org, total government spending in Arizona was $31 billion in 2015, which was an increase by more than $2 billion from 2014. Arizona’s state debt in 2014 was more than $61 billion, with an average state debt per capita of almost $10,000; this has put it at a per capita debt ranking of 45. The state also has been previously ranked as 20th best in the United States country in taxpayer burden; that makes each Arizona citizen have a taxpayer burden of $3,300. As of 2013, Arizona had a median annual household income of almost $50,000; then in 2014, its unemployment rate was at 6.9 percent, less than the national average at the time. (BallotPedia.org)
There are several factors of Arizona’s economy and its performance, as well as its budget process. To maintain a strong economy, Arizona implements a variety of tax and other laws in the state, whether it’s a cigarette tax of $1.18 per pack of 20 cigarettes, a sales tax of 5.6 percent, or a beer tax at 16 cents per gallon or less (FindLaw.com). Arizona also has a number of community property and collection laws; such as its characterization of lawsuits against collection agencies. Because Arizona law is a criminal statute, it does not allow individuals to sue collection agencies for engaging in deceptive and intrusive debt-collection tactics (in which it might in the Fair Debt Collection Practices Act). (Nolo.com)
SUMMARY OF ARIZONA COLLECTION LAWS*
ARIZONA HAS COMMUNITY PROPERTY LAWS
Legal: 10% – Judgment 10% or contractual
STATUTE OF LIMITATIONS (IN YEARS)
Open Acct: 3 – Written Contract 6 in Az. – 4 outside Az. – Domestic Judgment 5-additional 5 upon request (indefinitely) – Foreign
BAD CHECK LAWS (CIVIL PENALTY)
Twice the amount of check, costs of suit, reasonable attorney fees.
GENERAL GARNISHMENT EXEMPTIONS
See federal law.
COLLECTION AGENCY BOND & LICENSE
Bond: $10,000 minimum (based on gross income) – License: Yes – Fee: $1500 Application Fee $600 Annual Fee $23 per
* These are not comprehensive statutes and therefore PSICollect.com and Prestige Services, Inc. disclaims any liability resulting from reliance by any party upon the legality and accuracy of the contents thereof.
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