Businesses
Government-funded
Varies
Amount varies
Tax Credit
Reduces tax liability
Rolling
No fixed cutoff
Annual tax return
Claim with year-end filing
Moderate
File with tax return
Income tax credit for Arizona businesses conducting qualified research and development, with a base credit of 24% on R&D expenses up to $2.5M and 15% above that threshold.
Do I qualify?
Answer the questions below for a rules-based self-assessment of your fit for this program. This is informational — final determinations are made by the administering agency.
1.Qualified research must meet IRS Section 41 definition
2.Credit: 24% of first $2.5M in qualified R&D expenses; 15% above $2.5M
3.Unused credits can be carried forward up to 15 years
4.Enhanced credit available for research conducted at Arizona universities
5.Must file AZ Form 308 with annual tax return
OEDIT · Colorado
3% state income tax credit for businesses investing in business personal property in Colorado's 16 Enterprise Zones, which cover the state's most economically distressed rural and urban areas. Stacks with other CO Enterprise Zone credits for wage, research, and job training.
KCED · Kentucky
Provides income tax credits and wage assessments to encourage new and expanding businesses to locate in Kentucky. Credits are tied to job creation and capital investment commitments over a 15-year term.
Utah OEO · Utah
30% state income tax credit on new employee wages for businesses creating 5+ jobs in rural Utah Economic Opportunity Zones. Meaningful incentive to locate outside Salt Lake's urban corridor, with a 5-year credit period.