Form 332 Instructions - Credits For Healthy Forest Enterprises

Arizona Form 332

line 16, column (d). This is the allowable credit for previously

years after you first claimed that credit, you must recapture a

qualified employees in their third year of continuous

percentage of the total employment credit you took in all prior

employment.

years.

If your qualification was revoked due to reasons beyond your

Line 17 -

control, as determined by Commerce, you do not have to

Enter the amount of the Employment Credit passed through from

recapture the credit.

partnerships on Form 332-P, Part 2, line 5 and/or from S

corporations on Form 332-S, Part 2, line 5.

If you are required to recapture the employment credit, complete

Part 7. If not, skip to Part 8.

Line 18 -

Line 24 -

Add the amounts on lines 14 through 17 in column (d). Enter the

total here.

Enter the taxable year in which your certification as a healthy

forest enterprise was revoked or terminated (i.e. if your taxable

Before completing Part 6, lines 19 through 23, of Form 332,

year end was 12/31/2015, enter “2015”).

complete the Arizona Form 332-3. Use additional sheets, if

necessary. See instructions for Form 332-3 at the end of these

Line 25 -

instructions.

Enter the first taxable year in which your employment credit for

Part 6 - Training Credit Calculation

healthy forest enterprises was allowed (i.e. if your taxable year

end was 12/31/2014, enter “2014”).

Line 19 - Column (a)

Line 26 -

Enter the number of qualified net new employees from

Subtract line 25 from line 24. Enter the difference. This is the

Form 332-3, line 15, column (c1). This number cannot exceed the

number of years between when your employment credit was first

maximum number shown on line 13, Part 4 of Form 332.

allowed and when your certification was revoked.

Line 19 - Column (b)

Line 27 -

Enter the total net cost of training and certifying qualified first

The amount of credit you must recapture depends on the year you

year employees from Form 332-3, line 15, column (e1).

first received the credit, and how long ago it was. Compare the

Line 20 - Column (a)

amount on line 26 to the following table to determine the

Enter the number of previously qualified employees in the second

percentage of your Employment Credit to be recaptured. (For

year of continuous employment from Form 332-3, line 15,

example: If the amount on line 26 is “2”, the percentage to be

column (c2).

recaptured is 80%. If the amount on line 26 is “6” or greater, the

Line 20 - Column (b)

percentage to be recaptured is “0”.) Enter that percentage here.

Enter the total net cost of training and certifying qualified second

Number of years since

Percentage

year employees from Form 332-3, line 15, column (e2).

receiving the credit:

recapture:

100%

Line 21 - Column (a)

80%

Enter the number of previously qualified employees in the third

60%

year of continuous employment from Form 332-3, line 15,

40%

column (c3).

20%

Line 21 - Column (b)

6 or more

Enter the total net cost of training and certifying qualified third

Line 28 -

year employees from Form 332-3, line 15, column (e3).

Enter the total amount of employment credits that you were

Line 22 - Column (b)

previously allowed to claim.

Enter the amount of the Training Credit passed through from

Line 29 -

partnerships on Form 332-P, Part 2, line 7 and/or S corporations

Multiply line 28 by the percentage on line 27. Enter the result.

on Form 332-S, Part 2, line 7.

Line 30 -

Line 23 -

Enter the amount of the employment credit subject to recapture

Add the amounts in column (b) on lines 19 through 22. Enter the

that was passed through from partnerships on Form 332-P, Part 3,

total here.

line 10 and/or from S corporations on Form 332-S, Part 3, line 10.

Part 7 - Recapture of the Employment Credit

Line 31 -

NOTE: Taxpayers recapturing only a pass through of this credit

Add line 29 and 30. Enter the total. This is the amount of your

from Form 332-P and/or Form 332-S who claimed:

employment credit subject to recapture.

•

The Employment Credit, skip to Part 7, line 30.

Part 8 - Recapture of the Training Credit

•

The Training Credit, skip to Part 8, line 38.

If your healthy forest enterprise had its qualification for the

training credit terminated or revoked within five taxable years

employment credit terminated or revoked within five taxable

Form 332 Instructions - Credits For Healthy Forest Enterprises - 2016 Page 4

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