Arizona Form 301 - Nonrefundable Individual Tax Credits And Recapture - 2014
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52014 Nonrefundable Individual
Arizona Form
Tax Credits and Recapture
301
Part 1: Nonrefundable Individual Tax
Phone Numbers
Credits Available
For information or help, call one of the numbers listed:
Complete Part 1 to determine the total amount of available
nonrefundable tax credits. The available tax credit amount
Phoenix
(602) 255-3381
From area codes 520 and 928, toll-free
(800) 352-4090
for a particular credit is the total of the current taxable year's
credit and any unused credit carryovers available from prior
Tax forms, instructions, and other tax information
taxable years.
If you need tax forms, instructions, and other tax
On lines 1 through 30 complete columns (a), (b) and (c) for
information, go to the department’s website at
each of the following credits available to you this taxable
Income Tax Procedures and Rulings
year.
These instructions may refer to the department’s income tax
Line 1 - Enterprise Zone Credit
procedures and rulings for more information. To view or
print these, go to our website and click on Legal Research
Column (a): Do not enter an amount here.
then click on Procedures or Rulings and select a tax type
Column (b): Enter the amount from Form 304, line 7.
from the drop down menu.
Column (c): Enter the amount from column (b).
Publications and Brochures
Line 2 - Environmental Technology Facility Credit
To view or print the department’s publications and
Column (a): Enter the amount from Form 305, line 40.
brochures, go to our website and click on Publications.
Column (b): Enter the amount from Form 305, line 41.
Column (c): Enter the amount from Form 305, line 42.
General Instructions
Line 3 - Military Reuse Zone Credit
You must complete and include Form 301 with your income
Column (a): Enter the sum of lines 41 and 42 from Form
tax return to claim nonrefundable tax credits unless you meet
306.
one of the exceptions listed under “When Form 301 is Not
Column (b): Enter the amount from Form 306, line 43.
Required.” Use this form to:
Column (c): Enter the amount from Form 306, line 44.
Summarize your total available nonrefundable tax credits.
Determine the application of the available tax credits.
Line 4 - Recycling Equipment Credit
Summarize your tax liability related to recapture of tax
Column (a): Do not enter an amount here.
credits.
Column (b): Enter the amount from Form 307, line 5.
Claim any available credit carryover.
Column (c): Enter the amount from column (b).
When Form 301 is Not Required
Line 5 - Credit for Increased Research Activities -
Individuals
You are not required to complete and include Form 301 to
your tax return to only claim any of the following credits.
If you are claiming a refund of 75% of current year’s excess
Family Income Tax Credit (from the worksheet in your
credit:
income tax form instructions)
Column (a): Enter the amount from Form 308-I, line 27(c).
Property Tax Credit (Arizona Form 140PTC)
Column (b): Enter zero. No carry forward of any amount is
Excise Tax Credit (from the worksheet in your income
allowed from the year of the refund.
tax form instructions)
Column (c): Enter the amount from column (a).
The refundable portion of the Increased Research
If you are not claiming a refund of 75% of current year’s
Activities Credit (Arizona Form 308-I);
excess credit:
The Renewable Energy Industry Credit ( Arizona Form
Column (a): Enter the amount from Form 308-I, line 51.
342); and/or
Column (b): Enter the sum of lines 52 and 53 from Form
The credit for Qualified Facilities (Arizona Form 349).
308-I, line.
Column (c): Enter the amount from Form 308-I, line 54.
Line-by-Line Instructions
Line 6 - Credit for Taxes Paid to Another State or
Enter your name and Social Security Number (SSN) as
Country
shown on Arizona Forms 140, 140PY, 140NR, or 140X.
Column (a): Enter the amount from Form 309, line 17.
All returns, statements, and other documents filed with the
Column (b): Do not enter an amount here.
department require a taxpayer identification number (TIN).
Column (c): Enter the amount from column (a).
The TIN for an individual is the taxpayer's SSN or an Internal
Line 7 - Credit for Solar Energy Devices
Revenue Service (IRS) individual taxpayer identification
Column (a): Enter the amount from Form 310, line 16.
number (ITIN). Taxpayers that fail to include their
Column (b): Enter the amount from Form 310, line 17.
identification number may be subject to a penalty.
Column (c): Enter the amount from Form 310, line 18.
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