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Arizona Credits

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Arizona Credits

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Nonrefundable Credits From Arizona Form 301 or Forms 310, 321, 322, and 323 if Form 301 is not Required
 The total amount of tax credits you use cannot exceed the amount entered on line 41. In order for you to determine which tax credit(s) to use and the amount to use for a particular tax credit, you must consider any limitations on the allowable amount of a particular tax credit and whether you may carry the unused portion of a particular tax credit forward.

Enterprise Zone Credit.
 Taxpayers can no longer establish this credit on their 2014 tax year return or any future return. You may carry the unused portion of this tax credit forward for 5 succeeding taxable years. See Form 304 for more information. Enter the amount used.

Environmental Technology Facility Credit.
You may carry the unused portion of this tax credit forward for 15 succeeding taxable years. If the taxpayer is subject to the tax related to recapture of this tax credit for the facility, the carryover of the tax credit is reduced by the percentages listed in Form 305 instructions.

The portion of the available credit amount from Part 1, line 2, that you may use is limited to 75% of the amount of tax entered on line 39. See Form 305 for details. Enter the amount used.  

Military Reuse Zone Credit.
 You may carry the unused portion of this tax credit forward for five succeeding taxable years if the business remains in the military reuse zone. You lose the carryover if the business relocates outside of the military reuse zone. See Form 306 for details. Enter the amount used

Recycling Equipment Credit.
The recycling equipment credit allowable to individuals has been repealed. You may not claim this credit for taxable years beginning January 1, 2003 or later. However, the repeal did not affect any credit carryover that accrued prior to the repeal. See Form 307 for details

 The portion of the available credit carryover that you may use is limited to the lesser of 25% of the amount of tax entered on line 39 or $5,000. Enter the amount used. 

Credit for Increased Research Activities - Individuals.
 The unused portion of this tax credit may be carried forward for 15 succeeding taxable years. See Form 308-I for details. Enter the amount used

Credit for Taxes Paid to Another State or Country.
 There is no carry forward of the unused portion of this tax credit. See Form 309 for details. Enter the amount used

Credit for Solar Energy Devices.
You may carry the unused portion of this credit forward for five succeeding taxable years. See Form 310 for details. Enter the amount used. Form 140NR filers, enter zero.  

Agricultural Water Conservation System Credit.
 You may carry the unused portion of this tax credit forward for five succeeding taxable years. See Form 312 for details. Enter the amount used. 

Pollution Control Credit.
 You may carry the unused portion of this credit forward for five succeeding taxable years. See Form 315 for details. Enter the amount used

Credit for Solar Hot Water Heater Plumbing Stub Outs and Electric Vehicle Recharge Outlets.
 You may carry the unused portion of this tax credit forward for five succeeding taxable years. See Form 319 for details. Enter the amount used. 

Credit for Employment of TANF Recipients.
You may carry the unused portion of this tax credit forward for five succeeding taxable years. See Form 320 for details. Enter the amount used.  

Credit for Contributions to Charities That Provide Assistance to the Working Poor.
You may carry the unused portion of this tax credit forward for five succeeding taxable years. Beginning with tax year 2013, you do not have to itemize your deductions to claim this credit. See Form 321 for details. Enter the amount used 

Credit for Contributions Made or Fees Paid to Public Schools.
You may carry the unused portion of this tax credit forward for five succeeding taxable years. See Form 322 for details. Enter the amount used.

Credit for Contributions to Private School Tuition Organizations.
You may carry the unused portion of this tax credit forward for five succeeding taxable years. See Form 323 for details. Enter the amount used.

 


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Article Details
Views: 560 Created on: Jun 15, 2013
Date updated: Aug 26, 2015
Posted in: STATES, Arizona

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