Arizona Form 325 - Agricultural Pollution Control Equipment Credit - 2012

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ARIZONA FORM

325

2012

Agricultural Pollution Control Equipment Credit

For the calendar year 2012 or

M M D D Y Y Y Y

ﬁ scal 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

Schedule of Equipment and Current Taxable Year’s Credit Calculation

If additional space is needed, attach a separate schedule.

(a)

(b)

(c)

Date property

placed in service

Total cost of property used to

or expected to be

reduce agricultural pollution

placed in service

Description

incurred during the taxable year

11 Total - add lines 1 through 10 in column (c) ...................................................................................................................... 11

12 Total from continuation sheet, if applicable ....................................................................................................................... 12

13 Total cost of agricultural pollution control equipment incurred during the taxable year - add lines 11 and 12 .................. 13

14 Tentative credit for current taxable year - multiply line 13 by 25% (.25) ........................................................................... 14

25,000 00

15 Maximum credit allowed ................................................................................................................................................... 15

16 Credit for current taxable year - enter the lesser of line 14 or line 15 ............................................................................... 16

In order to calculate Arizona depreciation or amortization, a taxpayer who elects to claim a credit under ARS §§ 43-1081.01 or

43-1170.01 shall reduce the basis of the agricultural pollution control equipment by the amount of the credit claimed.

Part II

S Corporation Credit Election and Shareholder’s Share of Credit

MM DD YYYY

17 The S corporation has made an irrevocable election for the taxable year ending

to:

(CHECK ONLY ONE BOX)

Claim the agricultural pollution control equipment credit as shown on Part I, line 16 (for the taxable year mentioned above);

Pass the agricultural pollution control equipment credit as shown on Part I, line 16 (for the taxable year mentioned above) through to its shareholders.

Signature

Title

Date

If passing the credit through to the shareholders, complete lines 18 through 20 separately for each shareholder.

Furnish each shareholder with a copy of pages 1 and 2 of Form 325.

18 Name of shareholder

19 Shareholder’s TIN

20 Shareholder’s share of amount on Part I, line 16 ............................................................................................................ 20

ADOR 10945 (12)