Arizona Revised Statutes Title 41. State Government § 41-1510.01. Solar energy tax incentives; qualification

A. The authority shall establish a procedure for identifying commercial solar energy projects that qualify for the purposes of the commercial solar energy income tax credits under §§ 43-1085 and 43-1164.

B. To qualify for the tax credits, a business must apply in a form prescribed by the authority, including:

C. Applications under this section are confidential and are not subject to disclosure under title 39  1 for eighteen months after the date of application.

D. The authority shall:

E. On the completion of each certified installation:

F. The authority shall not certify tax credits under this section in any calendar year that exceed a total of one million dollars. The total allowed under this section shall be reserved for the taxpayer based on preapproval under subsection D of this section. The final credit certificate issued under subsection E of this section shall not exceed the amount reserved. A taxpayer whose taxable year overlaps two calendar years may request approval from the second calendar year's cap if the first year's cap is exhausted and the application under subsection B of this section is submitted before the end of the taxpayer's taxable year. Nothing in this section shall be construed as allowing the taxpayer to claim credits under §§ 43-1085 and 43-1164 in any taxable year other than the taxable year the solar energy device was installed.

G. The authority and the department of revenue shall collaborate in adopting rules that are necessary to accomplish the intent and purpose of this section.