A bill designed to align the state's income tax code with federal tax law that will cut state revenue by $31 million has been signed by Gov. Doug Ducey.
Senate Bill 1188 includes a provision allowing individuals and businesses to expense up to $500,000 in investments instead of the normal $25,000. The Legislature's budget committee estimates it will cut $31 million in revenue.
21:57 Tesla: The Bill Is Still Coming Due12