Form 332 Instructions - Credits For Healthy Forest Enterprises - 2016 Page 3
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11Arizona Form 332
Average Number of Full-Time Employees Worksheet
Line 10 -
(a)
(b)
Enter the net increase in average number of full-time employees
Line 6
Line 7
from Part 2, line 8.
Current
Immediately
Line 11 -
Taxable Year
Preceding
Taxable Year
Enter the lesser of line 9 or line 10 here. This is the increase in
1
January
qualified employment positions for this healthy forest enterprise.
2
February
Part 4 - Limitation on Number of Qualified
3
March
Employment Positions
4
April
5
May
Line 13 -
6
June
Compare the amounts on lines 11 and 12. Enter the lesser of line
7
July
11 or line 12 here. This is the maximum number of positions on
8
August
which you may compute each of the credits.
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September
10
October
NOTE: Before completing Part 5, lines 14 through 17, complete
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November
Forms 332-1 and 332-2. Use additional sheets, if necessary. See
12
December
the instructions for Forms 332-1 and 332-2 on page 9 of these
Total – add lines 1
13
instructions.
through 12.
Total number of months
Part 5 - Employment Credit Calculation
during the taxable year in
Line 14 - Column (a)
14
which the healthy forest
enterprise
was
in
Enter the number of qualified net new employees from Form 332-
business.
2, line 15, column (c1). This number cannot exceed the maximum
Average – divide the
number shown on line 13, Part 4 of Form 332.
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amount on line 13 by the
Line 14 - Column (b)
amount on line 14.
Enter the total allowable wages for qualified first year employees
Line 6 -
from Form 332-2, line 15, column (e1).
Enter the average number of full-time employees in the healthy
Line 14 - Column (d)
forest enterprise for the current taxable year from line 15, column
(a) of the worksheet above.
Multiply the amount entered on line 14, column (b) by the percent
shown on line 14, column (c). Enter the result on line 14, column
Line 7 -
(d). This is the allowable credit for qualified new employees.
Enter the average number of full-time employees in the healthy
forest enterprise for the immediately preceding taxable year from
Line 15 - Column (a)
line 15, column (b) of the worksheet above.
Enter the number of previously qualified employees in the second
Line 8 -
year of continuous employment from Form 332-2, line 15,
column (c2).
Subtract the amount on line 7 from the amount on line 6. If the
difference contains a decimal, enter the whole number only - do
Line 15 - Column (b)
not round up. This is the net increase in the average number of
Enter the total allowable wages for qualified second year
full-time employees. If the difference is zero, the enterprise
employees from Form 332-2, line 15, column (e2).
cannot claim an employment credit for qualified employment
Line 15 - Column (d)
positions created during the current taxable year. If the amount is
greater than zero, enter the amount here and in Part 3, line 10.
Multiply the amount entered on line 15, column (b) by the percent
shown on line 15, column (c). Enter the result on line 15, column
Part 3 - Net Increase in Qualified Employment
(d). This is the allowable credit for previously qualified
Positions
employees in their second year of continuous employment.
Line 9 -
Line 16 - Column (a)
Enter the total number of filled qualified employment positions
Enter the number of previously qualified employees in the third
created during the current taxable year.
year of continuous employment from Form 332-2, line 15,
NOTE:
column (c3).
•
If a qualified employment position is filled during the last
Line 16 - Column (b)
ninety days of the taxable year, it is considered a new
Enter the total allowable wages for qualified third year employees
qualified employment position for the next taxable year.
•
from Form 332-2, line 15, column (e3).
A newly created position is a qualified employment position
on the date that it meets all of the requirements for a
Line 16 - Column (d)
qualified employment position.
Multiply the amount entered on line 16, column (b) by the
percent shown on line 16, column (c). Enter the result on
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