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Arizona Credits

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Arizona Credits

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ARIZONA INCOME TAX CREDITS

Also make sure that you attach the Arizona Form 301 if you are required to complete Form 301 and the appropriate credit form or forms to your return.

FORM 301 AND INFO

SOME EXAMPLES OF POSSIBLE CREDITS ARE SHOWN BELOW:

Enterprise Zone Credit.
 The enterprise zone credit for individuals was repealed. All credits for enterprise zones that were properly established can be carried forward for the respective five year carry forward period. See Form 304 for more information. 

Environmental Technology Facility Credit.
You may qualify for this credit if your business incurred expenses in constructing a qualified environmental technology manufacturing facility. Use Form 305 to figure this credit.

Military Reuse Zone Credit.
You may qualify for this credit if you have qualifying net increases in full-time employment within a military reuse zone. Use Form 306 to figure this credit.

Recycling Equipment Credit.
 The recycling equipment credit for individuals was repealed. All credits for recycling equipment that were properly established can be carried forward for the respective 15 year carry forward period. Use Form 307 to figure any allowable credit carryover. 

Credit for Increased Research Activities - Individuals.
You may qualify for this credit if you incurred qualified research expenses for research conducted in Arizona. Use Form 308-I to figure this credit.

Credit for Taxes Paid to Another State or Country.
You may qualify for this credit if you paid tax to Arizona and another state or country on the same income. Use Form 309 to figure your credit.

Credit for Solar Energy Devices.
You may qualify for this credit if you installed a solar energy device in your residence located in Arizona. Use Form 310 to figure this credit.

Agricultural Water Conservation System Credit.
You may qualify for this credit if you incurred expenses to purchase and install an agricultural water conservation system in Arizona. Use Form 312 to figure this credit.

Pollution Control Credit.
You may qualify for this credit if you purchased depreciable property used in a trade or business to reduce or prevent pollution. Use Form 315 to figure this credit.

Credit for Solar Hot Water Heater Plumbing Stub Outs and Electric Vehicle Recharge Outlets.
You may qualify for this credit if you install solar hot water heater plumbing stub outs or electric vehicle recharge outlets in houses or dwelling units you construct. The taxpayer that  constructed the dwelling may also transfer the credit to a purchaser. Use Form 319 to figure this credit.

Credit for Employment of TANF Recipients.
You may qualify for this credit if you employed TANF recipients during the taxable year. Use Form 320 to figure this credit.

Credit for Contributions to Charities to Qualifying Charitable Organizations.
You may qualify for this credit if you made contributions to certain charities that provide help to the working poor. Use Form 321 to figure this credit.

Credit for Contributions Made or Fees Paid to Public Schools.
You may qualify for this credit if you made contributions or paid certain fees to public schools in Arizona. Use Form 322 to figure this credit.

Credit for Contributions to Private School Tuition Organizations.

 You may qualify for this credit if you made contributions to a school tuition organization that provides scholarships or grants to qualified schools. Use Form 323 to figure this credit. 

See the 140Booklet Page 20 for more https://www.azdor.gov/Portals/0/ADOR-forms/TY2015/10400/140Booklet.pdf

 


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Article Details
Views: 887 Created on: Jun 15, 2013
Date updated: Jan 11, 2019
Posted in: States, Arizona

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