INSTRUCTIONS: ARIZONA CREDIT FOR CORPORATE CONTRIBUTIONS TO SCHOOL TUITION ORGANIZATIONS (Form 335)
Corporations claim credit for contributions to school tuition organization in Arizona using a form 335. This document can be obtained from the website of the Arizona Department of Revenue.
Arizona Credit For Corporate Contributions To School Tuition Organizations 335 Step 1: If not filing for the calendar year pre-printed on the form, enter the beginning and ending dates of your fiscal year.
Arizona Credit For Corporate Contributions To School Tuition Organizations 335 Step 2: Enter your name as it appears on form 120, 120A, 120S, 120X or 165.
Arizona Credit For Corporate Contributions To School Tuition Organizations 335 Step 3: Enter your employer identification number.
Arizona Credit For Corporate Contributions To School Tuition Organizations 335 Step 4: Part I concerns calculation of your current taxable year's credit. Document each contribution on lines 1 through 10 of the table provided.
Arizona Credit For Corporate Contributions To School Tuition Organizations 335 Step 5: Enter the sum of lines 1 through 10 on line 11.
Arizona Credit For Corporate Contributions To School Tuition Organizations 335 Step 6: Part II concerns each corporate partner's share of the credit and must be completed separately for each partner. Complete lines 12 through 14 as instructed.
Arizona Credit For Corporate Contributions To School Tuition Organizations 335 Step 7: Enter your name and employer identification number at the top of the second page.
Arizona Credit For Corporate Contributions To School Tuition Organizations 335 Step 8: Part III concerns your available credit carryover. On lines 15 through 19, enter the taxable year in column a, the original credit amount in column b and the amount previously used in column c. Subtract the value in column c from the value in column b, then enter the resulting difference in column d.
Arizona Credit For Corporate Contributions To School Tuition Organizations 335 Step 9: Enter the sum of the values in column d on line 20.
Arizona Credit For Corporate Contributions To School Tuition Organizations 335 Step 10: Part IV concerns computation of your total available credit. Enter the current year's credit on line 21 and the available credit carryover on line 22.
Arizona Credit For Corporate Contributions To School Tuition Organizations 335 Step 11: Enter the sum of lines 21 and 22 on line 23.
