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Arizona
R&D Tax Credits

Connect with us to find out how R&D tax credits can boost your organization’s bottom line.

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This post was last updated on Apr 08, 2024.

Arizona R&D Tax Credit

Discover the benefits of Arizona state credits and see how your business could qualify.

24
%
credit on first $2.5M in qualifying expenses
15
%
additional credit on qualifying expenses over $2.5M
%
15-year
carry forward for credit usage

Arizona R&D Tax Credit Eligibility Summary:

Is the R&D Tax Credit Available?:
Yes
No
Eligible Entities:
C-Corporation, S-Corporations, LLCs, Partnerships
Deadline for Tax Filing:
Due with Arizona Tax Return
Data Required to Compute Credit:
Claim Period Qualified R&D Expenses (QREs)
What Information is needed?:
Gross Receipts for Prior 4 Years

Arizona R&D Tax Credit Guidelines:

  • Arizona offers refundable and non-refundable research tax credits, managed by the ACA, up to $5 million yearly. Refunds are granted on a first-come, first-served basis. From 2019, the maximum refund per taxpayer is $100,000 annually.
  • To qualify for the refundable portion, companies must have fewer than 150 full-time employees, apply to the ACA, and receive a Certificate of Qualification (refundable at 75%, with a 1% application fee). Applications must be e-filed when the online period opens.
  • Calendar year taxpayers apply after the previous year ends, while fiscal year taxpayers apply after their fiscal year ends. For instance, a June 30 fiscal year end taxpayer could apply as early as July 2 if the cap isn't met. Applications for the calendar year 2020 can be filed from the first business day of 2021 via the ACA's Electronic Application System (EASY).
  • Calendar Year 2020 Applications may be filed on or after the first business day of 2021 via the ACA's Electronic Application System (also known as "EASY")

Arizona R&D Tax Credit Case Study

A Arizona-based company recovered thousands in R&D tax credits to refuel growth.

$

136,000

Total state R&D tax credits earned

85

%

Amount of wages qualified for tax credits

$

245,000

Total R&D tax credit earned

Key Arizona R&D Tax Credits R&D Tax Rules Changes

2019' - 22
22' and after
2019' - 22
22' and after

Resources

There are many other considerations and exemptions, including what documentation the IRS requires for the R&D tax credits. Stay updated to navigate the new tax laws with confidence.

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Connect with us to find out how R&D Tax Credits can boost your organization’s performance.

Ready to Maximize Your State Credits?

With just a little info, our Strike Experts can help you start your R&D tax credit journey.

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What’s a Rich Text element?

What’s a Rich Text element?

The rich text element allows you to create and format headings, paragraphs, blockquotes, images, and video all in one place instead of having to add and format them individually. Just double-click and easily create content.

The rich text element allows you to create and format headings, paragraphs, blockquotes, images, and video all in one place instead of having to add and format them individually. Just double-click and easily create content.

Static and dynamic content editing

Static and dynamic content editing

A rich text element can be used with static or dynamic content. For static content, just drop it into any page and begin editing. For dynamic content, add a rich text field to any collection and then connect a rich text element to that field in the settings panel. Voila!

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How to customize formatting for each rich text

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Headings, paragraphs, blockquotes, figures, images, and figure captions can all be styled after a class is added to the rich text element using the "When inside of" nested selector system.

Ready to calculate your R&D tax credits?

To get an estimate of the potential value of your unclaimed R&D Tax Credits, try out our credit calculator.

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Download the app.

Download our R&D Tax Credit Calculator for Android to see how much you can receive from your qualified R&D tax credit expenses.

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