First Regular Session S.B. 1326
COMMITTEE ON FINANCE
SENATE AMENDMENTS TO S.B. 1326
(Reference to printed bill)
Page 1, between lines 26 and 27, insert:
"(b) Telecommunications equipment shall be computed on a straight-line basis using a five-year life.
(c) any other telecommunications property that is not included in subdivisions (a) and (b) of this paragraph shall be computed on a straight-line basis using a seven-year life."
Reletter to conform
Between lines 41 and 42, insert:
"(vii) THE COMPUTATION PRESCRIBED IN PARAGRAPH 2 OF THIS SUBSECTION SHALL NOT REDUCE THE VALUATION OF PROPERTY VALUED PURSUANT TO PARAGRAPH 2, SUBDIVISIONS (a) OF THIS SUBSECTION BELOW TWO AND ONE-HALF PERCENT OF THE COST AND SHALL NOT REDUCE THE VALUATION OF PROPERTY VALUED PURSUANT TO PARAGRAPH 2, SUBDIVISIONS (b), (c) AND (d) OF THIS SUBSECTION BELOW TWO AND ONE-HALF PERCENT OF COST."
Page 2, line 18, strike "2013" insert "2017"
Strike lines 19 through 21, insert:
"Sec. 2. Effective date
Section 42-14403, Arizona Revised Statutes, as amended by this act, is effective from and after December 31, 2017."
Amend title to conform