Arizona Form 326 - Credit For Alternative Fuel Delivery Systems 2001 Page 3

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AZ Form 326 (2001) Page 3 of 4

Part VI

S Corporation Credit Election and Shareholder’s Share of Credit

33 The S corporation has made an irrevocable election for the taxable year ending

to:

M M

D D

Y Y

(Check only one box)

Claim the credit as shown on Part IV, line 23; or Part V, line 29 (if a lessor); or Part V, line 32 (if a lessee) for the taxable year mentioned above;

Pass the credit as shown on Part IV, line 23 or Part V, line 29 (if a lessor); or Part V, line 32 (if a lessee) for the taxable year mentioned above

through to its shareholders.

Signature

Title

Date

Complete Form 326 through line 33. Then, if passing the credit through to the shareholders, complete lines 34 through 36 separately for each shareholder. Furnish

each shareholder with a copy of the completed Form 326.

34 Name of shareholder:

35 Shareholder’s TIN:

36 Shareholder’s share of the amount on Part IV, line 23; or Part V, line 29 (if the S corporation is a lessor);

or Part V, line 32 (if the S corporation is a lessee)..............................................................................................................................

Part VII Partner’s Share of Credit

Complete Form 326 through line 32. Then complete lines 37 through 39 separately for each partner. Furnish each partner with a copy of the completed Form 326.

37 Name of partner:

38 Partner’s TIN:

39 Partner’s share of the amount on Part IV, line 23; or Part V, line 29 (if the partnership is a lessor); or

Part V, line 32 (if the partnership is a lessee) .....................................................................................................................................

Part VIII Refund Election for Current Year’s Credit

40 If the allowable tax credit for the taxable year ending

, exceeds the income taxes due,

M M

D D

Y Y

or if there are no income taxes due, I make an irrevocable election to:

Check One Box

40a Have the amount of credit not applied to income taxes for the taxable year mentioned above refunded to me in

a lump sum ................................................................................................................................................................................

40a

40b Have the amount of credit not applied to income taxes for the taxable year mentioned above refunded to me in

2 annual installments .................................................................................................................................................................

40b

40c Have the amount of credit not applied to income taxes for the taxable year mentioned above refunded to me in

3 annual installments .................................................................................................................................................................

40c

41 Individuals and corporations, including S corporations that elected to take the credit, enter the amount from Part IV, line 23; or if a

lessor, from Part V, line 29; or if a lessee, from Part V, line 32. S corporation shareholders enter the amount from Part VI, line 36.

Partners of a partnership enter the amount from Part VII, line 39 ......................................................................................................

If you checked box 40a, skip lines 42 and 43, and enter the amount on line 41 on line 44. If you checked box 40b or 40c,

complete lines 42 and 43. If your 2001 tax is more than your credit shown on line 41, skip lines 42 and 43, and

enter the amount on line 41 on line 44.

42 Enter the tax from your 2001 income tax return, less any tax credits that you are claiming, except the alternative fuel

delivery system credit from Form 326. If less than zero, enter zero. .................................................................................................

43 Subtract line 42 from line 41 ...............................................................................................................................................................

44 If you checked the box on line 40a, enter the amount from line 41 here. If you checked the box on line 40b, divide the amount on

line 43 by 2 and add the result to the amount on line 42, and enter the total on line 44. If you checked the box on line 40c,

divide the amount on line 43 by 3, and add the result to the amount on line 42, and enter the total on line 44 .................................

• Individuals also enter this amount on Form 140, page 1, line 37; or Form 140PY, page 1, line 39; or Form 140NR, page 1, line 37;

or Form 140X, page 1, line 39.

• Corporations also enter this amount on Form 120, page 1, line 25; or Form 120A, page 1, line 17;

or Form 120X, page 1, line 25.

• S corporations that are taking the credit also enter this amount on Form 120S, page 1, line 21.

ADOR 91-0022 (01) slw