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From tax credits and incentives to programs designed to increase capital, the Greater Phoenix area offers a pro-business climate.
Business-friendly tax rates and programs
Arizona offers the lowest flat tax rate in the nation at 2.5% and a relatively low 4.9% corporate income tax rate. There is no corporate franchise tax, worldwide unitary tax, sales tax on manufacturing equipment or inventory tax. In addition, the state offers a variety of tax credit programs to help increase cash flow for your business.
Tax incentive programs
More than $200 million in incentives is available, including refundable tax credits, grants and property tax reduction. Explore the programs below.
Qualified Facility Refundable Tax Credit
Get a refundable income tax credit for creating or expanding manufacturing facilities in Arizona.
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Research & Development Tax Credit
Get refundable and nonrefundable income tax credits for investments in research and development activities conducted in Arizona.
Learn moreData Center Tax Credit
Get sales tax exemptions for data center equipment and construction for owners, operators, and colocation tenants.
Learn moreForeign Trade Zone Program
Businesses located in a foreign trade zone or sub-zone are eligible for up to a 72.9% reduction in state real and personal property taxes.
Learn moreSales Tax Exemption for Manufacturing
Get exemptions for machinery or equipment used in manufacturing, research and development, and more.
Learn moreQuality Jobs Tax Credit
Get income tax credits of up to $9,000 spread over a three-year period.
Learn moreNeed more information? See a complete list of incentives, rebates and other programs from the Arizona Commerce Authority.
The Accredited Economic Development Organization (AEDO) Program recognizes the professional excellence of economic development organizations (EDOS) through the International Economic Development Council. The AEDO Program provides EDOs with independent feedback on their operations, structure and procedures. SRP is one of only three utilities to have earned AEDO status.