Arizona Form 302 - Defense Contracting Credits - 2001

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Defense Contracting Credits
2001
ARIZONA FORM
302
MM
DD
YYYY
MM
DD
YYYY
For taxable year beginning ______/______/________, and ending ______/______/________
( Attach to your return )
Name(s) as shown on Forms 140, 140PY, 140NR, 140X, 120, 120A, 120S, 120X, or 165
Your social security number or federal employer ID number
1 Has the business been certied as a qualied defense contractor by the Arizona Department of Commerce?
Yes
No
If the answer to this question is no, the business is not eligible for the defense contracting credits.
Part I
Net Increase in Defense Employment Positions
2 Average employment during the current taxable year under United States
Department of Defense contracts ..................................................................................................
2
3 Employment baseline ....................................................................................................................
3
4 Net increase in defense employment positions - subtract line 3 from line 2.................................................................................
4
Part II
Net Increase in Qualied Private Commercial Employment Positions
5 Net increase in private commercial employment positions...........................................................................................................
5
6 Number of new qualied private commercial employment positions. See instructions ................................................................
6
7 Net increase in qualied private commercial employment positions. Enter the lesser of line 5 or line 6......................................
7
Part III
Credit Calculation for Qualied Employment Positions
(a)
(b)
(c)
(d)
Number of qualied
Number of qualied
Credit per qualied
defense positions
commercial positions
employment position
Allowable credit
Qualied net new employment
positions
8
$
$2,500
Qualied employment
positions in the second year
9
$
$2,000
of existence
Qualied employment
positions in the third year
10
$
$1,500
of existence
Qualied employment
positions in the fourth year
11
$
$1,000
of existence
Qualied employment
positions in the fth year
12
$
$500
of existence
Total
13
$
Part IV
Credit Calculation for Property Taxes Paid on Class One Property
14 Amount paid as taxes on property in Arizona classied as class one pursuant to ARS § 42-12001 ............................................
14
15 Percent based on net new defense employment positions. See instructions...............................................................................
15
16 Multiply line 14 by line 15..............................................................................................................................................................
16
17 Percent based on defense contract income divided by total gross income. See instructions ......................................................
17
18 Allowable credit for property taxes. Multiply line 16 by line 17 .....................................................................................................
18
ADOR 91-0049 (01) rj

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