Form 332 Instructions - Credits For Healthy Forest Enterprises

Arizona Form 332

If the allowable tax credit exceeds the taxes otherwise due or, if

compatible. Regardless of the form, the information must be filed

there are no taxes due, the amount of the credit not used to offset

on or before the due date of the tax return, including any

taxes may be carried forward for not more than five taxable years

extensions.

as a credit against subsequent years' income tax liabilities.

Taxpayers submitting the information on CD-ROM or

Enter the following information in the columns indicated on lines

DVD-ROM should secure the CD-ROM or DVD-ROM in a hard

60 through 64:

case and include it with the tax return. Arizona Forms 332-1,

Taxable Year – the taxable year from which you are carrying

332-2, and/or 332-3 submitted on CD-ROM or DVD-ROM are

over the training credit.

part of the income tax return, are subject to the sworn statement

b) Original Credit – the amount of the credit you originally

on the return that they are true, and correct to the best of the

computed.

signer’s knowledge and belief.

Amount Previously Used the amount of the training credit

The CD-ROM or DVD-ROM should be labeled as Forms 332-1,

from that taxable year you have already used or the amount

332-2 and 332-3, with the taxpayer’s name, employer

of the credit that expired.

identification number and taxable year listed.

d) Available Credit Carryover – Subtract the amount in column

Taxpayers may password protect the CD-ROM or DVD-ROM

and email the password separately to MediaLibrarian@azdor.gov.

This is the available training credit carryover available for

Include “Form 332-1, 332-2 and/or 332-3” in the subject line of

the current taxable year.

the email. In the body of the email, include the same information

Line 65 -

that is on the CD-ROM or DVD-ROM label. The department

will not return or copy any media.

Add the amounts entered on lines 60 through 64 in column (d).

Enter the total on line 65, column (d). This is the available

CAUTION:

Taxpayers that substitute the CD-ROM or

training credit carryover available for the current taxable year.

DVD-ROM do so at their own risk and understand that the

Part 15 - Total Available Credit

information may need to be provided to the department again at a

later date if it is not accessible by the department for any reason.

Line 66 -

Complete one Form 332-1 for each qualified employee. Include

Enter the current year’s employment credit.

the employee’s name, social security number, and the date each

Individuals, corporations, exempt organizations with UBTI, or

employee was hired. If an employee’s job duties do not involve or

S corporations claiming the credit - enter the amount from Part 5,

directly support the harvesting, transporting or processing of

line 18, column (d).

qualifying forest products in a qualified project, the employee is

Line 67 -

not in a qualified employment position. Do not complete a

Enter the current year’s training credit.

Form 332-1 for employees that are not in qualified employment

Individuals, corporations, exempt organizations with UBTI, or

positions. These employees should not be listed on Form 332-2 or

Form 332-3, and will not be used to compute the credits.

S corporations claiming the credit - enter the amount from Part 6,

line 23, column (b).

332-1,

6 - complete this line if the employee was

ORM

LINE

Line 68 -

previously employed by the business (prior to current

employment).

Enter the amount of available employment credit carryover from

Part 13, line 59, column (d).

332-1,

9b - on line 9a, enter the total amount

ORM

LINES

AND

of the insurance premium or membership cost provided for the

Line 69 -

employee. If the business is self-insured, list the total amount of a

Enter the amount of available training credit carryover from Part

predetermined fixed cost for the employee for an insurance

14, line 65, column (d).

program that is payable whether or not the employee has filed

Line 70 -

claims. On line 9b, enter the total amount of the insurance

Add lines 66 through 69 and enter the total here.

premium or membership cost paid by the employer.

Individuals - enter the total available credit on Arizona Form 301,

FORM 332-2 QUALIFIED EMPLOYEES FOR WHICH

Part 1, line 17, column (c).

YOU ARE TAKING THE EMPLOYMENT CREDIT

Corporations,

exempt

organizations

with

UBTI,

and

Complete the requested information for each employee in a

S corporations - enter the total available credit on Arizona

qualified employment position for whom you are taking the

Form 300, Part 1, line 11, column (c).

employment credit. Utilize Forms 332-1 and 332-2 to complete

Part 5, lines 14 through 18 on Form 332.

FORM 332-1 QUALIFIED EMPLOYEES

Alternative formats prescribed by the department may also be

FORM 332-3 QUALIFIED EMPLOYEES FOR WHICH

used to file this form. For example, the department will accept a

YOU ARE TAKING THE TRAINING CREDIT

hard copy spreadsheet that contains all the requested information

Complete the requested information for each employee in a

or the information may be compiled with a spreadsheet program

qualified employment position for whom you are taking the

such as Microsoft Excel and submitted on a CD-ROM or

training credit. Utilize Forms 332-1 and 332-3 to complete Part 6,

DVD-ROM. The chosen media must be Microsoft Windows

lines 19 through 23 on Form 332.

Form 332 Instructions - Credits For Healthy Forest Enterprises - 2016 Page 9

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