[Source: Phoenix Business Journal] – Small technology companies now have a way to get cash back for their research and development tax credits after Gov. Jan Brewer signed the measure late Tuesday.
Senate Bill 1254 was designed to help businesses with less than 150 full-time employees get money back from the state’s R&D tax credit. The meausure gives the businesses 75 cents for every dollar of tax credit they claim in seeking a way to help businesses that likely won’t have taxable income in their startup phases.
For more information: Brewer signs updated R&D tax credit