Arizona Form 308 - Credit For Increased Research Activities - 2012 Page 4

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Name (as shown on page 1)

EIN

Part IX

Limitation of Pre-2003 Credit Carryover

If you completed Part VI and are receiving a refund, do not complete Part IX.

If you have credit carryovers from tax years 2002 and before, complete this section. If you do not, skip this section and go directly to Part X. The amount

of credit carryover from years 2002 and before that you can use is limited. Complete this schedule to determine how much of this carryover you can use

to offset this year’s tax liability.

64a Current year’s tax liability. Enter the amount from Form 300, line 29 .....................................

64a

64b Compare line 64a with $500,000. Enter the lesser amount ....................................................

64b

64c Current taxable year’s credit. Corporations or S corporations - enter the amount from

Part III, line 29. Corporate partners of a partnership - enter the amount from Part V, line 38 ...........

64c

64d Subtract line 64c from line 64b - if the difference is zero or less, enter zero. This is the

amount of this year’s tax liability to which you may apply your pre-2003 carryovers ..............

64d

64e Enter the total of your pre-2003 credit carryovers from Part VII, line 53, column (d) ...............

64e

64f Compare lines 64d and 64e and enter the lesser amount here. This is the amount of pre-2003 credit carryovers

you can use to offset this year’s tax liability .......................................................................................................................

64f

Part X

Limitation of Post-2002 Credit Carryover

If you completed Part VI and are receiving a refund, do not complete Part X.

If you have credit carryovers from tax years 2003 and after, complete this section. If you do not, skip this section and go directly to Part XI. The amount

of credit carryover from years 2003 and after that you can use is limited. Complete this schedule to determine how much of this carryover you may be

able to use to offset this year’s tax liability.

65a Current year’s tax liability. Enter the amount from Form 300, line 29 .....................................

65a

65b Current taxable year’s credit. Corporations or S corporations - enter the amount from

Part III, line 29. Corporate partners of a partnership - enter the amount from Part V, line 38 ...........

65b

65c Subtract line 65b from line 65a - if the difference is zero or less, enter zero. This is the

amount of this year’s tax liability to which you may apply your post-2002 carryovers .............

65c

65d Enter the total of your post-2002 credit carryovers from Part VIII, line 63, column (d) ......................................................

65d

65e Compare lines 65c and 65d and enter the lesser amount here. This is the amount of post-2002 credit carryovers

you can use to offset this year’s tax liability .......................................................................................................................

65e

Part XI

Total Available Nonrefundable Credit

66 Current year’s credit. If you completed Part VI and are receiving a refund - enter the amount from Part VI, line 42c.

Corporations or S corporations not receiving a refund - enter the amount from Part III, line 29.

Corporate partners of a partnership not receiving a refund - enter the amount from Part V, line 38 .................................

67 If you completed Part VI and are receiving a refund, enter zero. Otherwise, enter the pre-2003 carryover -

from Part IX, line 64f ..........................................................................................................................................................

68 If you completed Part VI and are receiving a refund, enter zero. Otherwise, enter the post-2002 carryover -

from Part X, line 65e ..........................................................................................................................................................

69 Total available credit. Add lines 66, 67, and 68. Enter the total here and on Form 300, Part I, line 4 ..........................

ADOR 10135 (12)

AZ Form 308 (2012)

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