Arizona Form 320 - Credit For Employment Of Tanf Recipients - 2014 Page 2
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4Arizona Form 320
business is a newly established business, the business would
NOTE: If the amount shown on line 6 is zero or less, you
not have any qualified employment positions during the
may not claim this credit for qualified employees hired
immediately preceding taxable year. A newly established
during the year.
business would have zero average employment positions
Line 7 -
during the immediately preceding taxable year. This
You cannot take this credit for any position that is eligible for
business would enter zero on line 5.
any other Arizona employment credit based on wages paid. On
If the business is an established business, the business must
line 7, enter the number of positions on line 6 that are eligible
figure the average qualified employment positions of the
for any other income tax credit under Arizona law.
immediately preceding taxable year using the worksheet
Line 8 -
below. Line 15 of the worksheet's immediately preceding
taxable year column is the amount you should enter on line 5.
Subtract line 7 from line 6. This is the maximum number of
new employment positions for which you may claim a credit
Complete the following worksheet to determine the average
for employees in their first year of employment.
employment.
Part 3 - Qualifying New Employees
On lines 1 through 12 below, enter the number of qualifying
employment positions the business had during each month
Line 9 -
of the current taxable year and the immediately preceding
Enter the total number of new employees hired during the year.
taxable year.
Line 10 - Qualified New Employees
Line 4 Column
Line 5 Column
Enter the number of employees shown on line 9 who are
Current
Immediately
qualified employees.
Taxable
Preceding
A qualified employee is an employee who meets all of the
Year
Taxable Year
following criteria.
1.
January
The employee is a resident of Arizona.
2.
February
The employee was a recipient of TANF at the time he or
3.
March
she
was
hired.
The
employer
should
obtain
documentation from the employee substantiating that
4.
April
the employee was a TANF recipient on the date of hire.
5.
May
The employee was employed for at least ninety days
6.
June
during the first taxable year. An employee hired with
7.
July
less than 90 days left in the taxable year is considered to
be a new employee in the next taxable year. Periods
8.
August
when the employee's wages are subsidized under A.R.S.
9.
September
§ 46-299 cannot be counted as employment time.
10.
October
The employee was not employed by the taxpayer within
12 months before the current date of hire.
11.
November
Line 11 - Maximum Number of Qualifying Net New
12.
December
Employees
13.
Total. Add lines
1 through 12.
Enter the smaller of line 8 or line 10. This is the maximum
14.
Total number of
number of qualifying net new employees for which you may
months
during
claim a credit.
the taxable year
Part 4 - Credit Calculation for Qualified
in
which
you
Employees
were in business.
15.
Average - Divide
Lines 12 through 15 and Form 320-1 and Form 320-2
the number on
line 13 by the
Important: Before completing Part 4, lines 12 through 15
number on line
of Form 320, complete Form 320-1, and Form 320-2.
14. Do not round
the quotient.
Form 320-1 Qualifying Employees
List each employee who is a qualified employee. List each
Line 6 - Net Increase in the Number of Qualified
employee's name and social security number. Also, list the
Employment Positions
date each employee was hired. You must also answer the
Subtract line 5 from line 4. If this amount is less than one,
questions in columns (d) and (e).
enter zero. If this amount contains a decimal, round down to
Form 320-2 Qualifying Employees for Which
the next whole number. This is your net increase in qualified
You are Taking a Credit
employment positions.
List each qualifying employee from Form 320-1 for whom
you are taking the credit. List the employees' names and
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