Arizona Form 325 Draft - Agricultural Pollution Control Equipment Credit - 2010

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Agricultural Pollution Control Equipment Credit
ARIZONA FORM
2010
325
For the calendar year 2010 or
M M D D Y Y Y Y
M M D D Y Y Y Y
fi scal year beginning
and ending
.
Attach to your return.
Name(s) as shown on Form 140, 140PY, 140NR, 140X, 120, 120A, 120S, 120X, or 165
Social security number or employer identifi cation number
Part I
Schedule of Equipment and Current Taxable Year’s Credit Calculation
If additional space is needed, attach a separate schedule.
(a)
(b)
(c)
Date property
placed in service
Total cost of property used to
or expected to be
reduce agricultural pollution
placed in service
incurred during the taxable year
Description
1
00
2
00
3
00
4
00
5
00
6
00
7
00
8
00
9
00
10
00
11 Total - add lines 1 through 10 in column (c) .....................................................................................................................................
11
00
12 Total from continuation sheet if applicable .......................................................................................................................................
12
00
13 Total cost of agricultural pollution control equipment incurred during the taxable year - add lines 11 and 12 .................................
13
00
14 Tentative credit for current taxable year - multiply line 13 by 25% (.25) ..........................................................................................
14
00
25,000
15 Maximum credit allowed ..................................................................................................................................................................
15
00
16 Credit for current taxable year - enter the lesser of line 14 or line 15 ..............................................................................................
16
00
A taxpayer who elects to claim a credit under ARS § 43-1081.01 or § 43-1170.01 shall reduce the basis for depreciation or amortization of costs of the agricultural
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:
MM
MM
DD
DD
YYYY
YYYY
(CHECK ONLY ONE BOX)
Claim the agricultural pollution control equipment credit as shown on Part I, line 16 (for the taxable year mentioned above);
OR
Pass the agricultural pollution control equipment credit as shown on Part I, line 16 (for the taxable year mentioned above) through to its shareholders.
Signature
Title
Date
If passing the credit through to the shareholders, complete lines 18 through 20 separately for each shareholder.
Furnish each shareholder with a copy of the completed Form 325.
18 Name of shareholder
19 Shareholder’s TIN
20 Shareholder’s share of amount on Part I, line 16 ...........................................................................................................................
20
00
ADOR 10945 (10)
DRAFT 10/5/09, 2:10 p.m.
DRAFT 10/5/09, 2:10 p.m.
Previous ADOR 91-0017

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