$50M corona virus relief package funds response programs related to housing assistance, business support and relief for nonprofits and healthcare providers.
Qualified Facility Tax Credit Program offers a refundable income tax credit equal to the lesser of: (1) 10% of the qualifying capital investment, or (2) $20,000 per net new job at the facility, or (3) $30,000,000 per taxpayer per year for manufacturing or corporate HQs.
Quality Jobs Tax Credit offers up to $9,000 in state income or premium tax credits spread over a three-year period for each net, net quality job ($3,000 per year) based upon a capital investment and creating net new, high-wages jobs.
R&D Tax Incentive provides a refundable equal to 24% of the first $2.5 M in qualifying expenses plus 15% of the qualifying expenses more than $2.5 M equal to 10% of the basic research payment that constitute excess expenses for the tax year over the base amount and nonrefundable tax credits for companies with fewer than 150 full-time employees a partial refund of up to 75% of the excess credit amount.
Water Infrastructure Finance Authority provides low-cost financing and incentives for water and wastewater infrastructure projects designed to ensure safe, reliable drinking water and property wastewater treatment and the Greater Arizona Development Authority lowers the cost of financing and accelerates project development for public facilities owned and operated by political subdivisions.
Computer Data Center Exemption provides Transaction Privilege Tax and Use Tax exemptions at the state, county, and local levels on qualifying purchases of CDC Equipment for 20 years and the capital investment must exceed $25 M (or $50 M in some counties) to be eligible for the exemption.