Form 306 - 2004 Military Reuse Zone Credit Instructions (Page 4 of 7) in pdf

Arizona Form 306

who was claimed in the second year of employment.

shown on line 18, column (a), is the total number of

Therefore, if one of the originally claimed new dislocated

dislocated military base employees for which the business is

military base employees leaves employment in year three, the

claiming the military reuse zone credit.

business can claim the third year credit for another dislocated

Add the amounts in column (c) on lines 13, 14, 15, 16, and

military base employee who is in the third year of continuous

17. Enter the total in column (c) on line 18. The amount

employment in the zone.

shown on line 18, column (c) is the total allowable military

reuse zone credit for dislocated military base employees for

Line 15, column (c) -

the current taxable year.

Multiply the amount entered on line 15, column (a) by the

Part V - Credit Calculation for Non-Dislocated

amount on line 15, column (b). Enter the result on line 15,

column (c). This is the allowable credit for dislocated

Military Base Employees

military base employees in the third year of continuous

306: Complete this section.

AGGREGATE SUMMARY FORM

employment in the zone.

Do not complete an aggregate summary Form 306-4.

Line 16, column (a) -

Lines 19 through 24 and Form 306-4

Enter the total number of dislocated military base employees

Before completing lines 19 through 24, complete the Form

in the fourth year of continuous employment in the zone from

306-4 listing each non-dislocated military base employee for

Form 306-2, line 26, column (c4).

whom the business is claiming a credit.

Arizona's statutes do not require that the dislocated military

Line 19, column (a) -

base employee who is claimed in the fourth year of

Enter the number of non-dislocated military base employees

continuous employment be the same dislocated military base

from Form 306-4, line 26, column (c1).

employee who was claimed in the third year of employment.

Therefore, if one of the originally claimed new dislocated

NOTE: The maximum number of non-dislocated military

military base employees leaves employment in year four, the

base employees entered on line 19, column (a), cannot

business can claim the fourth year credit for another

exceed the maximum number of new employees entered on

dislocated military base employee who is in the fourth year of

Part III, line 12. If the business is claiming the military reuse

continuous employment in the zone.

zone credit for dislocated military base employees and non-

dislocated military base employees, the total number of

Line 16, column (c) -

employees claimed in both categories cannot exceed the

Multiply the amount entered on line 16, column (a) by the

maximum number of new employees from Part III, line 12.

amount on line 16, column (b). Enter the result on line 16,

Line 19, column (c) -

column (c). This is the allowable credit for dislocated

Multiply the amount entered on line 19, column (a) by the

military base employees in the fourth year of continuous

amount on line 19, column (b). Enter the result on line 19,

employment in the zone.

column (c). This is the allowable credit for new non-

Line 17, column (a) -

dislocated military base employees in the first year of

Enter the total number of dislocated military base employees

employment in the zone.

in the fifth year of continuous employment in the zone from

Line 20, column (a) -

Form 306-2, line 26, column (c5).

Enter the total number of non-dislocated military base

Arizona's statutes do not require that the dislocated military

employees in the second year of continuous employment in

base employee who is claimed in the fifth year of continuous

the zone from Form 306-4, line 26, column (c2).

employment be the same dislocated military base employee

Arizona's statutes do not require that the non-dislocated

who was claimed in the fourth year of employment.

military base employee who is claimed in the second year of

Therefore, if one of the originally claimed new dislocated

continuous employment be the same non-dislocated military

military base employees leaves employment in year five, the

base employee who was claimed in the first year of

business can claim the fifth year credit for another dislocated

employment. Therefore, if one of the originally claimed new

military base employee who is in the fifth year of continuous

non-dislocated military base employees leaves employment

employment in the zone.

in year two, the business can claim the second year credit for

Line 17, column (c) -

another non-dislocated military base employee who is in the

second year of continuous employment in the zone.

Multiply the amount entered on line 17, column (a) by the amount

on line 17, column (b). Enter the result on line 17, column (c).

Line 20, column (c) -

This is the allowable credit for dislocated military base employees

Multiply the amount entered on line 20, column (a) by the

in the fifth year of continuous employment in the zone.

amount on line 20, column (b). Enter the result on line 20,

Line 18 -

column (c). This is the allowable credit for non-dislocated

military base employees in the second year of continuous

Add the numbers in column (a) on lines 13, 14, 15, 16, and

employment in the zone.

17. Enter the total in column (a) on line 18. The number

Form 306 - 2004 Military Reuse Zone Credit Instructions Page 4

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