Statutory Thresholds definition

Statutory Thresholds means the requirements prescribed by A.R.S. § 41-1525(B) pertaining to the minimum Capital Investment and minimum number of QEPs which a taxpayer must satisfy at a single location within a 12-month period ending on or before the close of the calendar year first following the calendar year in which the Authority issued its Pre- Approval Letter in order to claim Program tax credits.