University Research & Development Tax Credit

An individual or corporate income tax credit is available for taxpayers with qualifying basic research payments to a university under the jurisdiction of the Arizona Board of Regents. The credit is for taxpayers that qualify for the general Arizona Research and Development income tax credit.

To be eligible to take the additional income tax credit for making basic research payments to Arizona State University, Northern Arizona University or the University of Arizona, a taxpayer must:

• Have a letter of certification from the Arizona Commerce Authority
• Have a letter of approval certifying the credit amount from the Arizona Department of Revenue

Resources

• Program Guidelines – For details about this credit, please read these program guidelines first.
• Application for Approval of University Research & Development Credit