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State of Arizona
Department of Revenue

University Research & Development Tax Credit


An individual or corporate income tax credit is available for taxpayers that make basic research payments to a university under the jurisdiction of the Arizona Board of Regents from and after December 31, 2011. This credit can be taken in addition to the Credit for Increased Research Activities.
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 written, signed contract for research and development with one of the above-named universities for research to be conducted after January 1, 2012,
  • Have a copy of a receipt from the university for basic research payments made after January 1, 2012, and
  • Have a Letter of Approval certifying the credit amount from the Arizona Department of Revenue.