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Arizona Research & Development Tax Credit

Arizona Department of Revenue (ADOR)AZ-RD-TC
Max per Applicant

Varies

Maximum a single org can receive

Deadline

Rolling / No deadline

Jurisdiction

Arizona

About This Program

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.

Key Requirements & Eligibility

  • 1Qualified research must meet IRS Section 41 definition
  • 2Credit: 24% of first $2.5M in qualified R&D expenses; 15% above $2.5M
  • 3Unused credits can be carried forward up to 15 years
  • 4Enhanced credit available for research conducted at Arizona universities
  • 5Must file AZ Form 308 with annual tax return

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Apply or Learn More

Visit the official page to review full eligibility requirements and apply.

Official Source
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Applicable Industries

TechnologyBiotech & Life SciencesManufacturingDefense
Official Source