INCENTIVE DESCRIPTION

State: AZ
Incentive Type: Income/Franchise Tax Incentives and Credits
Incentive Title: R&D Credits
Description: RESEARCH & DEVELOPMENT INCOME TAX CREDIT is a state income tax credit for qualified research and development. If the allowable expenses do not exceed $2,500,000 the allowable credit is 20 percent of this amount. If the allowable expenses exceed $2,500,000, the allowable credit amount is $500,000 plus 11 percent of the amount of expenses over $2,500,000, subject to certain limitations. The amount of credit carryover that may be used in any taxable year is limited to the amount by which the tax liability exceeds the current year credit for increased research activities.
Eligibility Requirements: Eligible expenses are in accordance with Federal R&D Regulations.
Geographic Restrictions: Statewide
Granting Authority: State of Arizona


The information which you have reviewed is a summary of the benefits and savings which may be available for your company. To receive a more detailed analysis of valuable opportunities for your company, please forward your contact information to Larry Kramer at lkramer@incentisgroup.com

Impotant Legal Information
Information is provided in summary form and should not be considered legal, investing, or other business advice. Its receipt does not create a relationship between Incentis Group and recipient. All information is believed to be accurate at the time of printing but should not be relied upon, and no decisions should be made, without consulting the full text of the applicable statutes and seeking independent counsel. Incentis Group and FastFacility make no representation as to the eligibility of a company or person to receive any incentives.