Arizona Form 302 - Defense Contracting Credits - 2004
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1
22004
ARIZONA FORM
Defense Contracting Credits
302
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
Social security number or employer identifi cation number
1 Has the business been certifi ed as a qualifi 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 Qualifi ed Private Commercial Employment Positions
5 Net increase in private commercial employment positions..............................................................................................................
5
6 Number of new qualifi ed private commercial employment positions. See instructions ...................................................................
6
7 Net increase in qualifi ed private commercial employment positions. Enter the lesser of line 5 or line 6.........................................
7
Part III
Credit Calculation for Qualifi ed Employment Positions
(a)
(b)
(c)
(d)
Number of qualifi ed
Number of qualifi ed
Credit per qualifi ed
defense positions
commercial positions
employment position
Allowable credit
Qualifi ed net new employment
positions
8
$
$2,500
Qualifi ed employment
positions in the second year
9
$
$2,000
of existence
Qualifi ed employment
positions in the third year
10
$
$1,500
of existence
Qualifi ed employment
positions in the fourth year
11
$
$1,000
of existence
Qualifi ed employment
positions in the fi 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 classifi ed as class one pursuant to ARS § 42-12001 ...............................................
14
00
15 Percent based on net new defense employment positions. See instructions..................................................................................
15
•
16 Multiply line 14 by line 15.................................................................................................................................................................
16
00
•
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
00
ADOR 91-0049 (04)
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