ARIZONA FORM
344
2012
Solar Liquid Fuel Credit
M M D D Y Y Y Y
M M D D Y Y Y Y
For the calendar year 2012, or fiscal year beginning
and ending
.
Attach to your return.
Name(s) as shown on Form 140, 140PY, 140NR, 140X, 120, 120A, 120S, 120X, or 165
Social security or employer identification number
Part I
Current Taxable Year’s Credit Calculation
1 Wages for qualified services (do not include wages used in figuring the
00
federal work opportunity credit) ............................................................................................
1
00
2 Cost of supplies ....................................................................................................................
2
00
3 Rental or lease cost of computers ........................................................................................
3
00
4 Contract research expenses. See instructions ....................................................................
4
00
5 Total research expenses. Add lines 1 through 4. Enter the total ........................................
5
6 Research expenses included on lines 1 through 4 related to solar liquid fuel that
00
will be claimed on Arizona Form 308, Arizona Form 308-I or Arizona Form 346 ..................
6
00
7 Total qualified research expenses. Subtract line 6 from line 5 ..........................................................................................
7
00
8 Average annual Arizona gross receipts. See instructions ....................................................
8
9 •
9 Fixed-base percentage (not more than 16% (.1600)). See instructions ..............................
00
10 Base amount. Multiply line 8 by the percentage on line 9. Enter the result .....................................................................
10
00
11 Subtract line 10 from line 7. If less than zero, enter zero .................................................................................................
11
00
12 Multiply line 7 by 50% (.50). Enter the result ....................................................................................................................
12
00
13 Enter the lesser of line 11 or line 12 ..................................................................................................................................
13
00
14 Multiply line 13 by 40% (.40). Enter the result. This is your current year’s solar liquid fuel credit ............................
14
Part II
S Corporation Credit Election and Shareholder’s Share of Credit
M M D D Y Y Y Y
15 The S corporation has made an irrevocable election for the taxable year ending
to
(check only one box):
Claim the solar liquid fuel credit as shown on Part I, line 14 (for the taxable year mentioned above);
OR
Pass the solar liquid fuel credit as shown on Part I, line 14 (for the taxable year mentioned above) through to its shareholders.
Signature
Title
Date
• If passing the credit through to the shareholders, complete lines 16 through 18 separately for each shareholder.
• Furnish each shareholder with a copy of Form 344.
16 Name of shareholder:
17 Shareholder’s TIN:
00
18 Shareholder’s share of the amount shown on Part I, line 14 .............................................................................................
18
Part III
Partner’s Share of Credit
• Complete lines 19 through 21 separately for each partner.
• Furnish each partner with a copy of Form 344.
19 Name of partner:
20 Partner’s TIN:
00
21 Partner’s share of the amount on Part I, line 14 ................................................................................................................
21
Part IV
Total Available Credit
22 Current year’s credit. Individuals, corporations or S corporations – enter the amount from Part I, line 14.
• S corporation shareholders – enter the amount from Part II, line 18.
• Partners of a partnership – enter the amount from Part III, line 21.
• Corporations, and S corporations – also enter this amount on Form 300, Part I, line 19.
00
• Individuals – also enter this amount on Form 301, Part I, line 25....................................................................................
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ADOR 11147 (12)
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