AZ HB2028

Amends Arizona Revised Statutes section 42-14403 to create accelerated depreciation schedules for qualifying broadband infrastructure owned by telecommunications companies.

Defines "qualifying broadband infrastructure" as cable, equipment, and tangible personal property capable of transmitting data at speeds of at least 4 megabits per second in at least one direction, first placed in service on or after January 1, 2013.

For qualifying broadband cable, reduces depreciation life from 15 years to 10 years using straight-line depreciation method.

For other qualifying broadband equipment and property, allows accelerated depreciation over six tax years, starting at 25% of scheduled depreciation value in year one and reaching 100% by year six.

Applies retroactively to all valuation years beginning on or after December 31, 2013.