PHOENIX — Gov. Jan Brewer is set to act on the three remaining bills from
the 2013 Arizona Legislature’s session.
Brewer faces a Wednesday deadline to sign or veto the bills. They put in place
tax breaks or credits totaling more than $90 million a year by 2015.
They include the automatic adjustment of tax brackets for inflation that will
cost about $11 million a year and an increased research tax credit worth $10
million. The biggest cuts lift a cap in the amount of depreciation small and
medium-sized businesses can claim instantly on new equipment. That provision is
expected to save businesses nearly $71 million this year.
The bills were among a large number of tax-cut proposals introduced this year. Only a handful made it to the governor’s desk.