– 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%.

      • 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 R&D tax credit to include an additional 10% for university related research