Form 306 - 2004 Military Reuse Zone Credit Instructions Page 7
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7Arizona Form 306
F
306: If the partner or
NOTE FOR S CORPORATIONS: If the S corporation has
AGGREGATE SUMMARY
ORM
shareholder has multiple partnership or S corporation
elected to pass the military reuse zone tax credit for qualified
interests, the taxpayer must complete an aggregate summary
employment positions through to its shareholders (refer to
Form 306. The taxpayer should attach a schedule detailing
Part VI), enter zero.
the use of the credit carryover
from each
BY LOCATION
Partners and S corporation shareholders:
partnership or S corporation.
306: If the partner or
AGGREGATE SUMMARY FORM
Part IX - Total Available Credit
shareholder has multiple partnership or S corporation
interests, the taxpayer must complete an aggregate summary
306: Complete this section.
AGGREGATE SUMMARY FORM
Form 306 and attach copies of all Forms 306 received from
[Exception: Partnerships and S corporations that elected to
the partnerships and S corporations. The taxpayer should
pass the credit through to their shareholders, do not complete
attach a separate schedule to the aggregate summary Form 306
this section on the aggregate summary Form 306.]
which details the use of the credit
.
BY LOCATION
Line 41 -
Line 43 -
Individuals and corporations (including S corporations that
Enter the amount from Part VIII, line 40, column (f). This is
elected to claim the credit) - Enter the current year's credit for
the total available credit carryover.
dislocated military base employees from Part IV, line 18,
column (c).
F
306: If the business is
AGGREGATE SUMMARY
ORM
claiming an military reuse zone tax credit carryover for more
S corporation shareholders - Enter the amount from Part VI,
than one business location, the business should attach a
line 28.
separate schedule to the aggregate summary Form 306 which
Partners of a partnership - Enter the amount from Part VII,
details the use of the credit carryover
.
BY LOCATION
line 32.
Partners and S corporation shareholders:
306: If the business is
AGGREGATE SUMMARY FORM
Each partner or S corporation shareholder must complete Part
claiming the military reuse zone tax credit for more than one
VIII for the computation of the available carryover of the
business location, the business should attach a separate
credit passed through by the partnership or S corporation.
schedule to the aggregate summary Form 306 which details
the use of the credit
.
BY LOCATION
306: If the partner or
AGGREGATE SUMMARY FORM
shareholder has multiple partnership or S corporation
NOTE FOR S CORPORATIONS: If the S corporation has
interests, the taxpayer must complete an aggregate summary
elected to pass the military reuse zone tax credit for qualified
Form 306. The taxpayer should attach a schedule detailing
employment positions through to its shareholders (refer to
the use of the credit carryover
from each
BY LOCATION
Part VI), enter zero.
partnership or S corporation.
Partners and S corporation shareholders:
Line 44 -
306: If the partner or
AGGREGATE SUMMARY FORM
Add lines 41, 42, and 43. This is the total available military
shareholder has multiple partnership or S corporation
reuse zone credit which may be applied to the current taxable
interests, the taxpayer must complete an aggregate summary
year's tax liability. Enter the total here and on Form 300, Part
Form 306 and attach copies of all Forms 306 received from
I, line 4, or Form 301, Part I, line 4.
the partnerships and S corporations. The taxpayer should
attach a separate schedule to the aggregate summary Form 306
306: If the military reuse zone
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which details the use of the credit
.
BY LOCATION
credit is being claimed for more than one business location,
enter the aggregate total available credit on Form 300, Part
Line 42 -
I, line 4, or Form 301, Part I, line 4.
Individuals and corporations (including S corporations that
elected to claim the credit) - Enter the current year's credit for
non-dislocated military base employees from Part V, line 24,
column (c).
S corporation shareholders - Enter the amount from Part VI,
line 29.
Partners of a partnership - Enter the amount from Part VII,
line 33.
306: If the business is
AGGREGATE SUMMARY FORM
claiming the military reuse zone tax credit for more than one
business location, the business should attach a separate
schedule to the aggregate summary Form 306 which details
the use of the credit
.
BY LOCATION
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