| State: |
AZ |
| Incentive Type: |
Income/Franchise Tax Incentives and Credits |
| Incentive Title: |
Jobs Credits |
| Description: |
1. AEROSPACE EMPLOYEE TAX CREDIT An aviation or aerospace company with a net increase in full time permanent employees is eligible for income tax credits. The company can receive up to $7,500 over five years per net new non-dislocated employees and up to $10,000 over five years per net new dislocated employee it hires and retains.
2. DEFENSE CONTRACTOR CREDIT Qualified defense contractors may claim tax credits for net employment increases under defense related contracts or net employment increases from transferring jobs from exclusively defense related activities to commercial activities. |
| Eligibility Requirements: |
1. The employees must be primarily (51% or more) engaged in providing aviation or aerospace services or in manufacturing, assembling or fabricating aviation or aerospace products. |
| Geographic Restrictions: |
Statewide, unless noted Enterprise Zone |
| Granting Authority: |
State of Arizona |
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