Arizona Form 220 - Underpayment Of Estimated Tax By Corporations

Form 220 (2000) Page 3

* Arizona interest rates and underpayment of estimated tax payment penalty rates are the federal underpayment rates established under

IRC § 6621(a)(2). Underpayments made after December 31, 2000: For lines 22, 24, 26, 28, 30, 39, 41, 43, 45 and 47, use the penalty

interest rate for each calendar quarter that the IRS will determine during the first month in the preceding quarter. These rates are published

quarterly in an IRS News Release and in a revenue ruling in the Internal Revenue Bulletin. This information is also available by accessing

the IRS Web Site at or by calling the IRS at

1-800-829-1040.

Part E - Total Penalty and Interest

50 Total Penalty and Interest. Add the amounts in Part C, line 33 and Part D, line 49. Enter the total here and on Form 99T, line 14;

or Form 120, line 34; or Form 120A, line 25; or Form 120S, line 29 .............................................................................................................

50 $

Schedule A

- Annualized Income Installment Method and/or Adjusted Seasonal Installment Method

(a)

(b)

(c)

(d)

Part I - Annualized Income Installment Method

First

Months

1 Annualization periods - see instructions .....................................................................................

2 Enter taxable income for each annualization period ..................................................................

3 Annualization amounts - see instructions ...................................................................................

4 Annualized taxable income. Multiply line 2 by line 3 ..................................................................

5 Calculate the tax on the amount in each column on line 4 - see instructions ............................

6 Enter tax from recapture of tax credits for each payment period - see instructions ...................

7 Subtotal tax - add lines 5 and 6 ..................................................................................................

8 Clean Elections Fund Tax Reduction ($5). See instructions .....................................................

9 For each period, enter the amount of nonrefundable tax credits. See instructions ....................

10 Arizona tax liability - subtract the sum of lines 8 and 9 from line 7. If zero or less, enter zero ...

11 Clean Elections Fund Tax Credit. See instructions ...................................................................

12 Tax liability after Clean Elections Fund tax credit. Subtract line 11 from line 10 ......................

13 Refundable tax credits - see instructions ...................................................................................

14 Other adjustments - see instructions ..........................................................................................

15 Net liability - subtract the sum of lines 13 and 14 from line 12. If less than zero, enter zero ......

22.5%

45%

67.5%

90%

16 Applicable percentage ................................................................................................................

17 Multiply line 15 by line 16 ...........................................................................................................

18 Add the amounts in all preceding columns from page 4, Part III, line 54 - see instructions .......

19 Annualized income installments. Subtract line 18 from line 17.

If zero or less, enter zero ............................................................................................................

Part II - Adjusted Seasonal Installment Method

(a)

(b)

(c)

(d)

(Caution: Use this method only if the base period percentage for any 6 consecutive

First 3

First 5

First 8

First 11

months is at least 70%. See the instructions for more information.)

Months

20 Enter taxable income for the following periods:

a Taxable year beginning in 1997 .............................................................................................

20a

b Taxable year beginning in 1998 .............................................................................................

20b

c Taxable year beginning in 1999 .............................................................................................

20c

21 Enter taxable income for each period for taxable year beginning in 2000 .................................

(a)

(b)

(c)

(d)

First 4

First 6

First 9

Entire

Months

Year

22 Enter taxable income for the following periods:

22a

a Taxable year beginning in 1997 .............................................................................................

b Taxable year beginning in 1998 .............................................................................................

22b

c Taxable year beginning in 1999 .............................................................................................

22c

23 Divide the amount in each column on line 20a by the amount in column (d)

on line 22a ...................................................................................................................................

24 Divide the amount in each column on line 20b by the amount in column (d)

on line 22b ...................................................................................................................................

25 Divide the amount in each column on line 20c by the amount in column (d)

on line 22c ...................................................................................................................................

ADOR 06-0030 (00)

Arizona Form 220 - Underpayment Of Estimated Tax By Corporations - 2000 Page 3

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