Arizona Form 315 - Pollution Control Credit - 2001 printable pdf download

Pollution Control Credit

2001

ARIZONA FORM

315

For taxable year beginning ______/______/________, and ending ______/______/________,

YYYY

Attach to your return

Name(s) as shown on Forms 140, 140PY, 140NR, 140X, 120, 120A, 120S, 120X, or 165

Social security number or federal employer ID number

Part I

Schedule of Equipment and Calculation of Current Taxable Year’s Credit

If additional space is needed, attach a separate schedule.

(a)

(b)

(c)

Total cost

Date property

of property used

placed in service

Description

to reduce pollution

11 Total - add lines 1 through 10 in column (c)...................................................................................................................................... 11

12 Total from continuation sheet if applicable........................................................................................................................................ 12

13 Total cost of pollution control equipment - add lines 11 and 12 ........................................................................................................ 13

14 Tentative credit for current taxable year - multiply line 13 by 10% (.10) ........................................................................................... 14

$500,000 00

15 Maximum credit allowed ................................................................................................................................................................... 15

16 Credit for current taxable year - enter the lesser of line 14 or line 15............................................................................................... 16

A taxpayer who elects to take a credit pursuant to ARS § 43-1081 or § 43-1170 shall reduce the basis for depreciation or amortization of the cost of the pollution

control equipment by the amount of the credit claimed.

Part II

S Corporation Credit Election and Shareholder’s Share of Credit

17 The S corporation has made an irrevocable election for the taxable year ending ______/______/________ to:

YYYY

(CHECK ONLY ONE BOX)

Claim the pollution control credit as shown on Part I, line 16 (for the taxable year mentioned above);

Pass the pollution control credit as shown on Part I, line 16 (for taxable year shown above) through to its shareholders.

Signature

Title

Date

If passing the credit through to the shareholder, complete lines 18 through 20 separately for each shareholder. Furnish each shareholder with a copy of the

completed Form 315.

18 Name of shareholder

19 Shareholder’s TIN

20 Shareholder’s share of the amount on Part I, line 16

ADOR 91-0086 (01) rj