Timeline Stories

Enacted legislation allowing an optional 80% sales...

– Lowered commercial property assessment...

Lowered commercial property assessment ratio from 20% to 18%   Increased the additional depreciation schedule and exemption amount for business personal property   Lowered corporate income taxes from 6.9% to 4.9%   Increased the optional sales factor formula from 80% to 100%   Established the Arizona Competes fund and Quality Jobs tax credit   Enhanced […]

The assessment ratio for commercial property taxes...

The assessment Ratio was lowered from 25% to 20% between...

Additional depreciation was expanded to include personal...

HB2822 was enacted, setting the valuation of personal...

Arizona’s new executive and legislative leadership will shape the economy over the next decade. This new political chapter provides an opportunity to champion new ideas and renewed commitment to Arizona’s continued competitiveness and resilience.

The growth of Greater Phoenix’s entrepreneurial ecosystem is accelerating as entrepreneurs and startups secure funding at unprecedented levels for the region.

The COVID-19 pandemic triggered dramatic labor shifts as firms rapidly invested in cloud services and automation to support remote work and mitigate productivity losses.

Base industries including healthcare, corporate services and aerospace are rapidly evolving thanks to AI, blockchain, IoT and other emerging technologies.