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Financial Services would like to share tax savings news for University departments that qualify to make tax exempt purchases of machinery or equipment used in research and development (R&D) as that term is defined by the State. The statutes (A.R.S. § 42-5061(B)(14) and A.R.S. § 42-5159(B)(14)) read as follows:
In partnership with University Information Technology Services (UITS), Financial Services continuously works toward releasing improvements to the UAccess Financials system. The next release is planned for October 25, 2020; release dates are subject to change. This release will include numerous incremental updates.