Arizona Form 302 - Defense Contracting Credits - 1999
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31999
ARIZONA FORM
Defense Contracting Credits
302
For taxable year beginning ______/______/______ , and ending ______/______/______ .
MM
DD
YYYY
MM
DD
YYYY
Attach to your return
Name(s) as shown on Form 140, 140PY, 140NR, 140X, 120, 120A, 120S, 120X or 165
Your social security number or federal employer ID number
1 Has the business been certified as a qualified defense contractor by the Arizona Department of Commerce? Yes
No
If the answer to this question is no, the business is not eligible for the defense contracting credits.
Part I Net Increase in Defense Employment Positions
2 Average employment during the current taxable year under United States Department of Defense
contracts .........................................................................................................................................................
2
3 Employment baseline .....................................................................................................................................
3
4 Net increase in defense employment positions - subtract line 3 from line 2 .................................................................................................
4
Part II Net Increase in Qualified Private Commercial Employment Positions
5 Net increase in private commercial employment positions .........................................................................................................................
5
6 Number of new qualified private commercial employment positions. See instructions ...............................................................................
6
7 Net increase in qualified private commercial employment positions. Enter the lesser of line 5 or line 6 ....................................................
7
Part III Credit Calculation for Qualified Employment Positions
(a)
(b)
(c)
(d)
Number of qualified
Number of qualified
Credit per qualified
defense positions
commercial positions
employment position
Allowable credit
Qualified net new employment
positions
$2,500
$
8
Qualified employment positions in
the second year of existence
$2,000
$
9
Qualified employment positions in
the third year of existence
10
$1,500
$
Qualified employment positions in
11
the fourth year of existence
$1,000
$
Qualified employment positions in
12
the fifth year of existence
$500
$
Total
13
$
Part IV Credit Calculation for Property Taxes Paid on Class Three Property
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14 Amount paid as taxes on property in Arizona classified as class three pursuant to ARS § 42-12003 ........................................................
15 Percent based on net new defense employment positions. See instructions ..............................................................................................
15
16 Multiply line 14 by line 15 ............................................................................................................................................................................
16
17 Percent based on defense contract income divided by total gross income. See instructions ......................................................................
17
18 Allowable credit for property taxes. Multiply line 16 by line 17 .....................................................................................................................
18
ADOR 06-0051 (99)
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