Arizona Form 308 - Credit For Increased Research Activities - 2014 Page 4

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Name (as shown on page 1)

EIN

Part 10

Limitation of Post-2002 Credit Carryover

If you completed Part 6 and are receiving a refund, do not complete Part 10.

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 11. 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 32 ............................ 65a

65b Current taxable year’s credit:

• Corporations, exempt organizations with UBTI, or S corporations: Enter the amount

from Part 3, line 29.

• Exempt organizations with UBTI that are S corporation shareholders: Enter the

amount from Part 4, line 33.

• Corporate partners of a partnership or exempt organizations with UBTI that are

partners of a partnership: Enter the amount from Part 5, 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 8, 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 11

Total Available Nonrefundable Credit

Current year’s credit: If you completed Part 6 and are receiving a refund, enter the amount from Part 6, line 42c.

• Corporations, exempt organizations with UBTI, or S corporations not receiving a refund: Enter the amount

from Part 3, line 29.

• Exempt organizations with UBTI that are S corporation shareholders not receiving a refund: Enter the amount

from Part 4, line 33.

• Corporate partners of a partnership or exempt organizations with UBTI that are partners of a partnership not

receiving a refund: Enter the amount from Part 5, line 38 ...........................................................................................

Also enter this amount on Form 300, line 4, column (a).

If you completed Part 6 and are receiving a refund, enter zero. Otherwise, enter the pre-2003 carryover from

Part 9, line 64f ................................................................................................................................................................. 67

If you completed Part 6 and are receiving a refund, enter zero. Otherwise, enter the post-2002 carryover from

Part 10, line 65e ..............................................................................................................................................................

Also enter the sum of lines 67 and 68 (total carryover) on Form 300, line 4, column (b).

Total available credit: Add lines 66, 67, and 68 ...........................................................................................................

Also enter this amount on Form 300, line 4, column (c).

ADOR 10135 (14)

AZ Form 308 (2014)

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