Arizona Form 308 - Credit For Increased Research Activities - 2012

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ARIZONA FORM

308

2012

Credit for Increased Research Activities

M M D D Y Y Y Y

For the calendar year 2012, or fiscal year beginning

and ending

Attach to your return.

Name as shown on Form 120, 120A, 120S, 120X or 165

Employer identification number

Part I

Qualification for Refund of Current Taxable Year’s Excess Credit

1 Did you receive a “Certificate of Qualification” from the Arizona Commerce Authority? ....................

Yes

If “Yes”, attach a copy of the Certificate. If “No”, skip line 2.

2 Enter the maximum refund amount on the Certificate from the Arizona Commerce Authority for this taxable year ..........

3 Did a partnership from which you are claiming a pass through credit for increased research

activities receive a “Certificate of Qualification” from the Arizona Commerce Authority? ...................

Yes

If “Yes”, attach a copy of the Certificate. If “No”, skip line 4 and line 5.

4 Enter the name of the partnership that received the Certificate from the Arizona Commerce

Authority and its employer identification number. Be sure to attach a copy of the Certificate.

Name:

EIN:

5 Enter your share of the maximum refund amount for this taxable year. See instructions .................................................

Part II

Current Taxable Year’s Credit Calculation

6 Basic research payments paid or incurred to qualified organizations. See instructions .........

7 Qualified organization base period amount .............................................................................

8 Subtract line 7 from line 6. If less than zero, enter zero ...................................................................................................

9 Wages for qualified services (do not include wages used in figuring the

federal work opportunity credit) ...............................................................................................

10 Cost of supplies .......................................................................................................................

11 Rental or lease cost of computers ...........................................................................................

12 Contract research expenses. See instructions .......................................................................

13 Total research expenses. Add lines 9 through 12. Enter the total .........................................

14 Research expenses included on lines 9 through 12 related to solar liquid fuel that will be

claimed on Arizona Form 344. .................................................................................................

15 Total qualified research expenses. Subtract line 14 from line 13 .......................................................................................

16 Average annual Arizona gross receipts. See instructions .......................................................

17 •

17 Fixed-base percentage (not more than 16% (.1600)). See instructions .................................

18 Base amount. Multiply line 16 by the percentage on line 17. Enter the result .................................................................

19 Subtract line 18 from line 15. If less than zero, enter zero ...............................................................................................

20 Multiply line 15 by 50% (.50). Enter the result ..................................................................................................................

21 Enter the lesser of line 19 or line 20 ..................................................................................................................................

22 Add lines 8 and 21. Enter the total ....................................................................................................................................

• If line 22 is $2,500,000 or less, complete line 23 and skip lines 24 through 26.

• If line 22 is more than $2,500,000, skip line 23 and complete lines 24 through 26.

23 Multiply line 22 by 24% (.24). Enter the result ..................................................................................................................

24 Subtract $2,500,000 from line 22. Enter the difference ..........................................................

25 Multiply line 24 by 15% (.15). Enter the result ........................................................................

26 Add $600,000 to line 25. Enter the total ...........................................................................................................................

27 Enter the amount from line 23 or 26 here ..........................................................................................................................

Part III

Current Taxable Year’s Credit Passed Through From Partnerships

28 Total amount of credit passed through from partnerships. (Enter the aggregate amount of the credit for increased

research activities from all Form(s) 308 received from partnerships.) ...............................................................................

Attach copies of any Form(s) 308 to your tax return.

29 Total Credit. Add line 27 and line 28. Enter the total. This is your current year’s total credit for increased

research activities ...........................................................................................................................................................

Continued on page 2

ADOR 10135 (12)