ARIZONA AVAILABLE INCENTIVES

State Credit Name: Research and Development Income Tax Credit

Expiration Date: Permanent

Who Can Apply? Corporations and Flow-Through Entities

Credit Carry Forward: 15 years, but with restrictions based on the tax year the credit was earned.

About the Credit: For 2011-2017, the credit is 24% of the first $2.5 million in excess QRE’s, 15% of excess QRE’s over $2.5 million. The base amount has to be calculated using the traditional method. For tax years 2018 and after, the credit will be 20% for the first $2.5 million in QRE’s and 11% for amounts that exceed $2.5 million.

Notes: The credit is partially refundable beginning in tax year 2011.  The taxpayer may elect to receive 75% of the excess credit refunded and waive the remaining 25% instead of carrying excess credit forward. To be eligible for the refund, the taxpayer must have less than 150 employees, receive a Certificate of Qualification from the Arizona Commerce Authority and have a current year Arizona R&D tax credit that exceeds its current year’s tax liability.

Click here to find out if you are eligible for the federal research credit.


Arizona State Incentives


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Why Swanson Reed

We provide full, hands-on support from start to finish.

Are You Eligible?

Take our eligibility wizard to find out if you qualify for a tax credit.

Calculate Your Benefit

Use our quick calculator to determine your R&D tax credit benefit.

Know Your Deadline

 Never miss a deadline again with our R&D Tax Credit filing deadline calculator.

For Accountants

 Take advantage of our extensive database of videos, case law and recent news.

Industry Case Studies

 Find out the qualifying R&D activities specific to your industry.

Contact Us


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Suite #2058
Phoenix, AZ85016

 

T: (480) 696-8863

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