"Arizonans' approval of the homes initiative will prevent homeowners and businesses from being hit with new taxes for buying and selling real estate in the state's depressed economy.
Business leaders say the measure, listed as Proposition 100 on Tuesday's ballot, also will keep Arizona more competitive with other states vying to attract new companies and jobs throughout the recession and beyond.
The vast majority of voters agreed Tuesday that government should not impose any new taxes on the sale, purchase or ownership transfer of real property."
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OK on Prop. 100 to ban new transfer taxes
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