Arizona Form
2014
Credit for Increased Research Activities
308
Include with your return.
For the calendar year 2014 or fiscal year beginning
M M D D
2 0 1 4 and ending
M M D D
2 0
Y Y
.
Name as shown on Form 99T, 120, 120A, 120S, 120X or 165
Employer Identification Number
Part 1
Qualification for Refund of Current Taxable Year’s Excess Credit
1
Did you receive a “Certificate of Qualification” from the Arizona Commerce Authority?.................
Yes
No
If “Yes”, include 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
00
this taxable year ..............................................................................................................................................................
2
3
Did an entity from which you are claiming a pass through credit for increased research
activities receive a “Certificate of Qualification” from the Arizona Commerce Authority? ................
Yes
No
If “Yes”, include a copy of the Certificate. If “No”, skip line 4 and line 5.
4
Enter the name of the entity that received the Certificate from the Arizona Commerce Authority and its employer
identification number. Be sure to include a copy of the Certificate.
Name:
EIN:
00
5
Enter your share of the maximum refund amount for this taxable year: See instructions ..............................................
5
Part 2
Current Taxable Year’s Credit Calculation
00
6
Basic research payments paid or incurred to qualified organizations: See instructions . 6
00
7
Qualified organization base period amount ..................................................................... 7
00
8
Subtract line 7 from line 6. If less than zero, enter zero .................................................................................................
8
9
Wages for qualified services (do not include wages used in figuring the federal work
00
opportunity credit) ............................................................................................................ 9
00
10
Cost of supplies ............................................................................................................... 10
00
11
Rental or lease cost of computers ................................................................................... 11
00
12
Contract research expenses: See instructions ............................................................... 12
00
13
Total research expenses: Add lines 9 through 12. Enter the total ................................. 13
14
Research expenses included on lines 9 through 12 related to solar liquid fuel that will
00
be claimed on Arizona Form 344. .................................................................................... 14
00
15
Total qualified research expenses: Subtract line 14 from line 13 ................................................................................... 15
00
16
Average annual Arizona gross receipts: See instructions .............................................. 16
17
Fixed-base percentage (not more than 16% (.1600)): See instructions ......................... 17
00
18
Base amount: Multiply line 16 by the percentage on line 17. Enter the result ............................................................... 18
00
19
Subtract line 18 from line 15. If less than zero, enter zero ............................................................................................. 19
00
20
Multiply line 15 by 50% (.50). Enter the result ................................................................................................................ 20
00
21
Enter the lesser of line 19 or line 20 ................................................................................................................................ 21
00
22
Add lines 8 and 21. Enter the total ................................................................................................................................. 22
• 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.
00
23
Multiply line 22 by 24% (.24). Enter the result ................................................................................................................ 23
00
24
Subtract $2,500,000 from line 22. Enter the difference .................................................. 24
00
25
Multiply line 24 by 15% (.15). Enter the result ................................................................ 25
00
26
Add $600,000 to line 25. Enter the total ......................................................................................................................... 26
00
27
Enter the amount from line 23 or 26 here ........................................................................................................................ 27
Part 3
Current Taxable Year’s Credit Passed Through From S Corporations and Partnerships
28
Total amount of credit passed through from S corporations and partnerships: Enter the aggregate amount of the
credit for increased research activities from all Form(s) 308 received from S corporations and partnerships.
00
Include copies of any Form(s) 308 to your tax return ...................................................................................................... 28
29
Total Credit: Add line 27 and line 28. Enter the total. This is your current year’s total credit for increased
00
research activities ......................................................................................................................................................... 29
Continued on page 2
ADOR 10135 (14)