Arizona Form 308-I - Credit For Increased Research Activities - Individuals - 2012 Page 2

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Name (as shown on page 1)

SSN

Part IV

Refundable Portion of the Current Taxable Year’s Excess Credit

Only complete Part IV if the “Yes” box on Part I, line 1 or Part I, line 3 is checked.

26 Total current taxable year’s credit. Enter the amount from Part III, line 25 .......................................................................

27a Subtotal of tax. Enter the amount from Form 140, line 21; or Form 140PY, line 24;

or Form 140NR, line 24; or Form 140X, line 28 .....................................................................

27a

27b Nonrefundable tax credits. Enter the amount of nonrefundable tax credits from

Form 301. Exclude the credit or carryover for increased research activities .......................

27b

27c Current taxable year’s credit for increased research activities that will be used to offset the current taxable year’s

tax liability - subtract line 27b from line 27a. Enter the difference. If the difference is zero or more, enter it on

Part VIII, line 49; also enter it on Form 301, Part I, line 5, and on Form 301, Part II, line 43. If the difference is

less than zero, enter zero ..................................................................................................................................................

27c

28 Current taxable year’s excess credit - subtract line 27c from line 26. Enter the difference. If less than zero,

enter zero, because no refund is available ........................................................................................................................

29 Tentative refundable credit - multiply line 28 by 75% (.75). Enter the result .....................................................................

30 Maximum refundable credit. See instructions ...................................................................................................................

31 Refundable Credit. Enter the lesser of line 29 or line 30. See instructions ....................................................................

Complete Part V and Part VI if you have carryovers from prior years.

Part V

Available Pre-2003 Credit Carryover

(d)

(a)

(b)

(c)

Available Carryover:

Taxable Year

Original Credit Amount

Amount Previously Used