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INCENTIVE DESCRIPTION
| State: | AZ |
| Incentive Type: | Special Purpose Zone Incentives and Credits |
| Incentive Title: | Enterprise Zone Credits |
| Description: | 1. ENTERPRISE ZONE CREDIT: Arizona provides an income and premium tax credit for net increases of new job creation. These credits may be up to $3000 per new qualified job over three years. The credits over the three year period are equal to 1/4 of wages in the first year and 1/3 of wages in the following two years. The amount of the credit to be taken in each of the three years is limited. Any unused amount may be carried forward for up to five taxable years. |
| Eligibility Requirements: | 1: 35% of the net new eligible employees must live within an enterprise zone when hired. The employer must pay an amount at least equal to the "wage offer by county." |
| 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. |
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