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In 2001 the MRZ designation was renewed for the former Williams Air Force Base, now known as Williams Gateway Airport. Naval Air Facility in Goodyear, now known as Phoenix/Goodyear Airport, was designated as an MRZ. ARKANSAS – updated for 2014. Currently there are two MRZs in Arizona. In December 2002, the former U.S.
RESEARCH AND DEVELOPMENT INCENTIVES: University Based Research and Development – An eligible business that contracts with one or more Arkansas colleges or universities in performing research may qualify for a 33 percent income tax credit for qualified research expenditures. Use Tax Exemption – on qualifying equipment purchased out-of-state.
Eleven different Pennsylvania-based construction companies already have been subcontracted to do much of the work, and many more opportunities will be made available as the project goes forward. The income tax credit earned may be used to offset 50 percent of the investor’s Arkansas income tax liability in any one tax year.
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