INSTRUCTIONS: ARIZONA NONREFUNDABLE CORPORATE TAX CREDITS AND RECAPTURE (Form 300)
Nonrefundable corporate tax credits and recapture and documented in Arizona using a form 300. This document can be obtained from the website of the Arizona Department of Revenue.
Arizona Nonrefundable Corporate Tax Credits And Recapture 300 Step 1: If not filing for the calendar year printed on the form, enter the beginning and ending dates of your fiscal year.
Arizona Nonrefundable Corporate Tax Credits And Recapture 300 Step 2: In the first blank box, enter your name as it appears on form 120, 120A, 120S or 120X.
Arizona Nonrefundable Corporate Tax Credits And Recapture 300 Step 3: In the second blank box, enter your employer identification number.
Arizona Nonrefundable Corporate Tax Credits And Recapture 300 Step 4: Part I concerns the total available nonrefundable tax credits. Lines 1 through 10 concern credits documented on forms 302 through 325.
Arizona Nonrefundable Corporate Tax Credits And Recapture 300 Step 5: Lines 11 through 21 concern credits documented on forms 331 through 345.
Arizona Nonrefundable Corporate Tax Credits And Recapture 300 Step 6: Add lines 1 through 21. Enter the resulting sum on line 22. This number is your total available nonrefundable tax credits.
Arizona Nonrefundable Corporate Tax Credits And Recapture 300 Step 7: Enter your name and tax identification number at the top of the second page.
Arizona Nonrefundable Corporate Tax Credits And Recapture 300 Step 8: Part II concerns the application of nonrefundable tax credits. Document the subtotal of nonrefundable tax credits on lines 23 through 27 as instructed.
Arizona Nonrefundable Corporate Tax Credits And Recapture 300 Step 9: Enter any clean election funds tax reduction on line 28.
Arizona Nonrefundable Corporate Tax Credits And Recapture 300 Step 10: Subtract line 28 from line 27. Enter the resulting difference on line 29.
Arizona Nonrefundable Corporate Tax Credits And Recapture 300 Step 11: The second half of the second page concerns nonrefundable tax credits being claimed. Document these in the categories listed on lines 30 through 50.
Arizona Nonrefundable Corporate Tax Credits And Recapture 300 Step 12: Add lines 30 through 50. Enter the resulting sum on line 51. This total cannot be greater than the value on line 29. Transfer this value to line 20 of form 120, line 12 of form 120A, line 16 of form 120S or line 20c of form 120X as applicable.
