AZ SB1326

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

Defines "qualifying broadband infrastructure" as cable, telecommunications equipment, and tangible personal property capable of transmitting data at rates of at least 4 megabits per second in at least one direction, first placed in service on or after January 1, 2017.

Provides accelerated depreciation for qualifying broadband infrastructure using straight-line basis with ten-year life for cable and five-year life for telecommunications equipment, compared to longer standard depreciation periods.

Applies additional accelerated depreciation to personal property in the first through sixth tax years of assessment, ranging from 25 percent to 100 percent of scheduled depreciation value, with a floor of 2.5 percent of cost.

Takes effect on December 31, 2017.