The deal between the Governor and Republicans in Arizona would:

A deal announced Monday between Gov. Jan Brewer and Republican legislative leaders would:

— Cut the corporate income tax rate from just below 6 percent to 4.9 percent, giving Arizona the fifth lowest rate in the nation;

— Allow some multi-state corporations to pay no corporate income taxes at all;

— Alter how businesses are assessed for property tax purposes, potentially reducing their liability by 10 percent;

— Create new state tax credits for firms that create jobs, which pay at least the median wage for the county where located, up to $3,000 per job for three years;

— Permit companies to write off new equipment purchases faster, reducing their state income taxes;

— Increase the amount of equipment that businesses can exempt from being assessed for property tax purposes;

— Create a new $25 million a year “deal closing” fund to help convince firms to move to the state.

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