Arizona continues to demonstrate a pro-business mentality through reducing taxes and decreasing regulations. Aside from the competitive business tax incentives, here's a list of some of the benefits your business could enjoy here:
100% sales factor on corporate income tax
90 day or less permitting
Ability to carry forward 100% of net operating income for twenty consecutive years
Aggressive depreciation schedule
Low workman's comp and unemployment insurance rates
No corporate franchise or business inventory tax
No income tax on dividends from out-of-state subsidiaries
No sales tax on manufacturing equipment
No worldwide unitary tax
Right to Work State
Virtually all services exempt from sales tax
Corporate Income Tax
Arizona has a competitive corporate income tax at 4.9%.Exemptions for manufacturing and other firms include the sale of machinery, equipment and chemicals used directly in manufacturing or processing. Also exempt are professional or personal services.
Real & Personal Property Tax
Commercial and industrial property has an assessment ratio of 18% that is applied to the net assessed value to determine the property tax liability for both primary and secondary tax values. The exemption amount for commercial and industrial personal property has increased to $185,811.
The Town of Fountain Hills does not impose any primary property tax.