Arizona Legislature Seeks to Increase Cap on Refundable R&D Tax Credit
On February 25, 2013, HB 2342, a bill to increase the amount of research and development (R&D) tax credits annually given out by Arizona, was overwhelmingly approved by the Arizona House. The approved bill would increase the amount of the Arizona refundable credit from $5 million to $10 million in 2014, and to $15 million…