Arizona Commerce Authority Issues Overview of Qualified Facility Tax Credit Program

The Arizona Commerce Authority issued a document providing an overview of the state’s qualified facility tax credit program. The program aims to attract and expand headquarters, manufacturing, and R&D facilities by offering refundable income tax credits up to specified limits based on qualifying capital investment and job creation. Key eligibility criteria include minimum capital investment, creation of net new jobs meeting wage thresholds, sales mostly from out-of-state, and providing health insurance coverage. The tax credit program is authorized through December 2030, with annual credit limits allocated on a first-come, first-served basis. [Ariz. Commerce Auth., Arizona Qualified Facility, 02/01/25]

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