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 to get an instant 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
KCED · Kentucky
Provides tax incentives to new and expanding Kentucky businesses creating jobs and investing capital, including wage assessments, income tax credits, and sales tax savings on construction materials.
ACA · Arizona
Provides Arizona corporate income tax credits for qualified renewable energy operations manufacturing solar, wind, geothermal, or fuel cell equipment in Arizona, creating qualifying jobs.
NDED · Nebraska
Refundable income tax credits and sales tax exemptions for Nebraska businesses making significant capital investments and creating quality jobs, with tiered benefits based on investment and job levels.