Instructions For Form 332 - Arizona Credits For Healthy Forest Enterprises

Arizona Form 332

Line 16 - Column (a)

If the amount is greater than zero, enter the amount here and

in Part 3, line 10.

Enter the number of previously qualified employees in the

Part 3 - Net Increase in Qualified Employment

third year of continuous employment from Form 332-2,

Positions

line 15, column (c)3.

Lines 9 through 11 -

Line 16 - Column (b)

Enter the total number of filled qualified employment

Enter the total allowable wages for qualified third year

positions created during the current taxable year on line 9. If

employees from Form 332-2, line 15, column (e)3.

the business is claiming the employment credit under a

Line 16 - Column (d)

twelve month certification, it must employ at least three new

Multiply the amount entered on line 16, column (b) by the

employees in qualified employment positions in the first

percent shown on line 16, column (c). Enter the result on

taxable year it claims the credit. If a qualified employment

line 16, column (d). This is the allowable credit for

position is filled during the last ninety days of the taxable

previously qualified employees in their third year of

year, it is considered a new qualified employment position for

continuous employment.

the next taxable year. A newly created position is a qualified

employment position on the date that it meets all of the

Line 17 -

requirements for a qualified employment position.

Add the numbers on lines 14 through 16, in column (a). Enter

Compare the amounts on lines 9 and 10. Enter the lowest of

the total on line 17 in column (a). Add the amounts on

the numbers on line 11.

lines 14 through 16 in column (d). Enter the total on line 17

Part 4 - Limitation on Number of Qualified

in column (d).

Employment Positions

Before completing Part 6, lines 18 through 21, of Arizona

Form 332, complete the Arizona Form 332-3. Use additional

Compare the amounts on lines 11 and 12. Enter the lower

sheets, if necessary. See instructions for Form 332-3 at the

number on line 13. This is the maximum number of positions

end of these instructions.

on which you may compute each of the credits.

Part 6 - Training Credit Calculation

NOTE: Before completing Part 5, lines 14 through 17, of

Line 18 - Column (a)

Form 332, complete Forms 332-1 and 332-2. Use additional

sheets, if necessary. See the instructions for Forms 332-1 and

Enter the number of qualified net new employees from

332-2 at the end of these instructions.

Form 332-3, line 15, column (c)1. This number cannot exceed

the maximum number shown on line 13, Part 4 of Form 332.

Part 5 -

Employment Credit Calculation

Line 18 - Column (b)

Line 14 - Column (a)

Enter the total net cost of training and certifying qualified

Enter the number of qualified net new employees from

first year employees from Form 332-3, line 15, column (e)1.

Form 332-2, line 15, column (c)1. This number cannot exceed

Line 19 - Column (a)

the maximum number shown on line 13, Part 4 of Form 332.

Enter the number of previously qualified employees in the

Line 14 - Column (b)

second year of continuous employment from Form 332-3,

Enter the total allowable wages for qualified first year

line 15, column (c)2.

employees from Form 332-2, line 15, column (e)1.

Line 19 - Column (b)

Line 14 - Column (d)

Enter the total net cost of training and certifying qualified

Multiply the amount entered on line 14, column (b) by the

second year employees from Form 332-3, line 15, column (e)2.

percent shown on line 14, column (c). Enter the result on

Line 20 - Column (a)

line 14, column (d). This is the allowable credit for qualified

Enter the number of previously qualified employees in the

new employees.

third year of continuous employment from Form 332-3,

Line 15 - Column (a)

line 15, column (c)3.

Enter the number of previously qualified employees in the

Line 20 - Column (b)

second year of continuous employment from Form 332-2,

Enter the total net cost of training and certifying qualified

line 15, column (c)2.

third year employees from Form 332-3, line 15, column (e)3.

Line 15 - Column (b)

Line 21 -

Enter the total allowable wages for qualified second year

Add the numbers on lines 18 through 20, in column (a). Enter

employees from Form 332-2, line 15, column (e)2.

the total on line 21 in column (a). Add the amounts on

Line 15 - Column (d)

lines 18 through 20 in column (b). Enter the total on line 21

Multiply the amount entered on line 15, column (b) by the

in column (b).

percent shown on line 15, column (c). Enter the result on

Part 7 - Recapture of the Employment Credit

line 15, column (d). This is the allowable credit for

Lines 22 through 27 -

previously qualified employees in their second year of

continuous employment.

If your healthy forest enterprise has had its qualification

terminated or revoked within five taxable years after you first

Instructions For Form 332 - Arizona Credits For Healthy Forest Enterprises - 2014 Page 3

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