Tucson Electric Power Co. v. Arizona Department of Revenue

OPINION

HAIRE, Judge.

Tucson Electric Power Company (taxpayer) has appealed from a summary judgment sustaining deficiency assessments against it in excess of $1.2 million for the tax years 1980 and 1981. The deficiency assessments resulted from the Arizona Department of Revenue’s disallowance of accelerated depreciation deductions taken by the taxpayer pursuant to former A.R.S. § 43-1030 relating to the installation of pollution control equipment in New Mexico. 1

The issues presented on appeal require that we first examine A.R.S. § 43-1030 to determine the statutory requirements for accelerated…