The Phoenix MBDA Business Center: Arizona Incentives Available in 2014

May 29, 2014

 


 

ARIZONA – updated for 2014

For a list of state economic development agencies, click this link.

In addition to our aggressive incentive programs, Arizona is committed to attracting and supporting quality companies through competitive tax policies and has demonstrated a continued trend of reducing property, individual sales and corporate income tax rates:

 

  • Among the lowest corporate income tax rates in the country. 30% reduction in Arizona’s corporate income tax rate, which decreases from 6.97% in 2014 to 4.9% by 2017.
  • Sales factor further reduces corporate tax burdens. 100% electable sales factor for multi-state corporations (increasing from 80% to 100% between 2014 and 2017).
  • Improved accelerated depreciation schedules. Five-year accelerated depreciation schedules reduce corporate tax burdens. This allows many companies to recover investments more quickly, significantly reducing personal property’s full cash value, and taxes owed, over five years.
  • 97% increase in personal property tax exemption.




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