The only requirement of an office space agreement is that the space must not be used for retail operations. At its core, an office space agreement is a commercial lease agreement. It sets forth rent and deposit amounts, length of the lease term, and repair and maintenance responsibilities.
An intercompany agreement, or sometimes referred to as an ICA, is a legal document that helps facilitate two or more companies owned by the same parent company in exchange for financing, goods, services, or other exchanges.
§ 43-1412, paragraphs 1 through 16. For taxable year 2024, the Arizona PTE income tax is assessed at a rate of 2.5% of the income attributable to the partnership's resident partners and the income derived from sources within Arizona attributable to the nonresident partners.
Example: For a federal award amount of $350,000, match would be $350,000 x 50% = $175,000 match, or $350,000 x 10% = $35,000 match.