Arizona Form 120a Instruction - Arizona Corporation Income Tax Return (Short Form) - 2011 Page 5
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11Arizona Form 120A
Credit for Healthy Forest Enterprises. This tax credit
Line 13 - Credit Type
is for net increases in qualified employment positions in
Indicate which nonrefundable tax credits were claimed on line 12
a healthy forest enterprise. Use Form 332 to claim this
by writing the applicable form number(s) in the space provided.
tax credit.
Nonrefundable Income Tax Credit
Form
Credit for Employing National Guard Members. This
credit is for employers who have an employee that is a
Defense Contracting Credits
302
Enterprise Zone Credit
304
member of the Arizona National Guard if the employee is
Environmental Technology Facility Credit
305
placed on active duty. Use Form 333 to claim this tax credit.
Military Reuse Zone Credit
306
Motion Picture Credits. Motion picture production
Credit for Increased Research Activities
308
companies that produce motion pictures, commercials,
Pollution Control Credit
315
music videos, or television series completely or partially
Credit for Taxes Paid for Coal Consumed in Generating
318
in Arizona may claim a transferable income tax credit
Electrical Power
for production costs. To qualify, productions must have
Credit for Solar Hot Water Heater Plumbing Stub Outs
319
and Electric Vehicle Recharge Outlets
been preapproved by the Arizona Commerce Authority
Credit for Employment of TANF Recipients
320
(formerly, the Arizona Department of Commerce) by
Agricultural Pollution Control Equipment Credit
325
December 31, 2010. Use Form 334 to claim this credit.
Credit for Donation of School Site
331
Credit for Corporate Contributions to School
Credit for Healthy Forest Enterprises
332
Tuition Organizations. This credit is for corporations
Credit for Employing National Guard Members
333
who make contributions to school tuition organizations
Motion Picture Credits
334
which provide scholarships and tuition grants to
Credit for Corporate Contributions to School Tuition
335
Organizations
children attending qualified nongovernmental schools.
Credit for Solar Energy Devices - Commercial and
Use Form 335 to claim this tax credit.
336
Industrial Applications
Credit for Solar Energy Devices - Commercial and
Credit for Water Conservation System Plumbing Stub Outs
337
Industrial Applications. This credit is available to
Credit for Corporate Contributions to School Tuition
taxpayers that install solar energy devices for
Organizations for Displaced Students or Students With
341
Disabilities
commercial, industrial, or any other nonresidential
Renewable Energy Production Tax Credit
343
purpose in the taxpayer’s trade or business located in
Solar Liquid Fuel Credit
344
Arizona. The taxpayer or an exempt organization may
Credit for New Employment
345
transfer the credit to a third party that either financed,
Line 14 - Arizona Tax Liability
installed, or manufactured the qualifying solar energy
device. Use Form 336 to claim this tax credit.
Subtract the sum of lines 11 and 12 from line 10. Line 14
cannot be a negative amount.
Credit for Water Conservation System Plumbing
Stub Outs. This tax credit is for the installation of
Line 15 - Clean Elections Fund Tax Credit
water conservation system plumbing stub outs in houses
A taxpayer may claim a tax credit on the 2011 tax return for:
or dwelling units constructed by the taxpayer. The
A donation made directly to the Clean Elections Fund
houses or dwelling units must be located in Arizona.
during the taxable year 2011; and/or
Complete Form 337 to claim this tax credit.
A donation made to the Clean Elections Fund on the
Credit for Corporate Contributions to School Tuition
taxpayer’s 2010 tax return.
Organizations for Displaced Students or Students With
The 2011 tax credit is equal to the amount of the donation(s),
Disabilities. This tax credit is for corporations who make
but cannot exceed twenty percent of the tax on line 14 or six
contributions to school tuition organizations that provide
hundred seventy dollars, whichever is higher.
scholarships and tuition grants to qualifying children
A taxpayer may not claim a tax credit on the 2011 tax return
attending qualified nongovernmental schools. Use Form 341
for a donation to the fund made with the 2011 tax return. If a
to claim this credit.
taxpayer makes a donation to the fund on the 2011 tax return,
Renewable Energy Production Tax Credit. This tax
the taxpayer may only claim a tax credit for the donation on the
credit is for taxpayers that produce electricity using qualified
taxpayer’s 2012 tax return. The tax credit is nonrefundable
energy resources. Use Form 343 to claim this credit.
and cannot be carried forward.
Solar Liquid Fuel Credit. This tax credit is for taxpayers
Calculation of 2011 Clean Elections Fund Tax Credit
that increase research activities related to solar liquid fuel.
Enter the amount donated directly to the
Additional credits will become available in 2016 for
fund during the taxable year 2011 PLUS
$
00
1.
production and delivery system costs. Use Form 344 to
the amount donated to the fund with the
2010 Form 120A.
claim this credit.
$
00
2.
Enter tax from 2011 Form 120A, line 14.
Credit for New Employment. This tax credit is for
$
00
3.
Multiply amount on line 2 by 20 percent (.20).
taxpayers that have net increases in employment after
June 30, 2011. The credit limit is administered by the
4.
$
670
00
Arizona Commerce Authority. Use Form 345 to claim this
$
00
5.
Enter the larger of line 3 or line 4.
credit.
Enter the smaller of line 1, line 2, or line 5
$
00
6.
Complete the appropriate credit forms for each credit. Attach
here and on 2011 Form 120A, line 15.
the completed credit forms to the tax return with Form 300.
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