Arizona Form 304 - Enterprise Zone Credit - 2002 Page 2
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6AZ Form 304 (2002) Page 2
Part V
Net Increase in Average Number of Full Time Employees
See instructions before completing this section
16
Average number of full time employees at the zone location during the current taxable year................................................
16
17
Average number of full time employees at the zone location during the immediately preceding taxable year.......................
17
18
Net increase in average number of full time employees - subtract line 17 from line 16..........................................................
18
Part VI
Maximum Number of Qualifi ed Employment Positions
See instructions before completing this section
19
Qualifi ed employment positions. Enter the number of qualifi ed employment positions created during the taxable year........
19
20
Net increase in average number of full time employees. - enter the number from Part V, line 18 ..........................................
20
21
Maximum number of new qualifi ed employment positions for which the business may claim a credit before
application of the 35 percent enterprise zone residency requirement. Enter the smaller of line 19 or line 20........................
21
22a
Number of employees in qualifi ed employment positions for which the credit is being claimed that are
enterprise zone residents on the date of hire..........................................................................................................................
22a
22b Divide the amount on line 22a by 35 percent (.35). Enter the quotient...................................................................................
22b
22c
Enter the smaller of line 21 or line 22b. This is the maximum number of qualifi ed employment positions
for which the credit may be claimed after application of the enterprise zone residency requirement.....................................
22c
23
Maximum number of qualifi ed employment positions - enter the smaller of 200 or line 22c. This is the maximum
number of qualifi ed employment positions for which the credit may be claimed. ...................................................................
23
Part VII
Credit Calculation for Qualifi ed Employment Positions
24
Arizona residency. Are all of the employees in qualifi ed employment positions Arizona residents?
See instructions before answering this question.
Yes
No
If the answer to this question is no, the business is not eligible for an enterprise zone credit for those qualifi ed
employment positions fi lled by employees who are not Arizona residents.
(a)
(b)
(c)
(d)
Number of qualifi ed
Qualifying wages
%
Allowable credit
employment positions
Employees in fi rst year or
(Maximum of $2,000 per
qualifi ed employment
partial year of employment in
25%
25
position)
a qualifi ed employment position
$
Employees in the second year
(Maximum of $3,000 per
qualifi ed employment
of continuous employment in
26
33 1/3%
position)
a qualifi ed employment position
$
Employees in the third year
(Maximum of $3,000 per
qualifi ed employment
of continuous employment in
50%
27
position)
a qualifi ed employment position
$
Totals
28
ADOR 91-0050 (02)
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