Arizona on Business Facilities Online

ARIZONA Fast Facts

• Population (2008): 6,500,180
• Largest Cities (2008): Phoenix, 1,567,924; Tucson, 541,811; Mesa, 463,552; Glendale, 251,522
• Targeted Industries: Aerospace, Sustainable Energy, Life Sciences, Information Technology, Electronics
• Key Incentives: Innovation Accelerator Program, Military Reuse Zone Program, Trade Adjustment Assistance
   Program, Solar Energy Tax Credit
• GDP (All Industry 2008): $248 billion*

*Bureau of Economic Analysis, U.S. Department of Commerce

ARIZONA State Incentives

The Motion Picture Production Tax Incentives Program makes incentives available for qualified motion picture production companies. The program offers the following incentives:

• Transaction Privilege Tax Exemption on purchased machinery, equipment and other tangible personal property; job printing, embossing, engraving, and copying; leased or rented lodging space; sales of catered food, drink, and condiments; and construction contracts for buildings and other structures.

• Use Tax Exemption on machinery, equipment, and other tangible personal property.

• An Arizona transferable income tax credit equal to 10%, 15%, or 20% of the company's eligible production costs.

The main objective of the Small Business Capital Investment Tax Incentive Program (Angel Investment Program) is to expand early-stage investments in targeted Arizona small businesses by providing tax credits to investors who make capital investment in small businesses certified by the Arizona Department of Commerce. For a qualified bioscience or rural company, the tax credit may total up to 35% of the investment amount over three years; for any other qualified business, the tax credit may total up to 30% over three years. If the tax credits exceed the investor's income tax liability, any unused tax credit amount may be carried forward for up to three taxable years as long as the investor timely claims the credits. There is $20 million in tax credits available to qualified investors beginning July 1, 2006 through June 30, 2011.

The Commercial Solar Energy Tax Credit Program grants an Arizona income tax credit for the installation of solar energy devices in Arizona business facilities. The tax credit is equal to 10% of the installed cost of the solar energy device not to exceed $25,000 in credits for one building in a single tax year and $50,000 total credits per business per tax year. Tax credits can be used to offset Arizona income tax liability; any unused credit amounts can be carried forward for a five-year period. The Arizona Department of Commerce can't certify tax credits under this program that exceed $1 million in any calendar year.

Explore detailed community demographic information at ZoomProspector.com

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