INSTRUCTIONS: ARIZONA RENEWABLE ENERGY PRODUCTION TAX CREDIT (Form 343)
Arizona individuals, corporations, S corporations and partners in a partnership can claim a renewable energy production tax credit using a form 343. This document can be obtained from the website of the Arizona Department of Revenue.
Arizona Renewable Energy Production Tax Credit 343 Step 1: If not filing for the calendar year printed on the form, enter the beginning and ending dates of your fiscal year at the top of the first page.
Arizona Renewable Energy Production Tax Credit 343 Step 2: In the first blank box, enter your name as it appears on form 140, 140PY, 140NR, 140X, 120, 120A, 120S, 120X or 165.
Arizona Renewable Energy Production Tax Credit 343 Step 3: In the second blank box, enter your Social Security number or employer identification number.
Arizona Renewable Energy Production Tax Credit 343 Step 4: Part I concerns the current taxable year's credit. On line 1, indicate with a check mark whether you received a certificate for this credit from the Arizona Department of Revenue. If yes, attach a copy. If no, you do not qualify for this credit and should not file this form.
Arizona Renewable Energy Production Tax Credit 343 Step 5: On line 2, enter the credit amount on the certificate for this taxable year.
Arizona Renewable Energy Production Tax Credit 343 Step 6: Part II should only be completed by S corporations. On line 3, enter the end date of your taxable year and indicate whether you are claiming this credit or passing it along to shareholders.
Arizona Renewable Energy Production Tax Credit 343 Step 7: If passing the credit along to shareholders, complete lines 4 through 6 separately for each shareholder.
Arizona Renewable Energy Production Tax Credit 343 Step 8: Part III concerns the share of the credit for each partner in a partnership. Complete lines 7 through 9 separately for each partner.
Arizona Renewable Energy Production Tax Credit 343 Step 9: Enter your name and tax identification number at the top of the second page.
Arizona Renewable Energy Production Tax Credit 343 Step 10: Document and compute your available credit carryover in Part IV on lines 10 through 15 of the table provided.
Arizona Renewable Energy Production Tax Credit 343 Step 11: Compute your total available credit on lines 16 through 18 of Part V.
