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Arizona Form 99T

It is then a part of the principal amount of the tax and accrues

Arizona Unrelated Business Taxable Income

interest until paid.

(UBTI) Computation

E. Estimated Tax Underpayment Penalty. The department

Line 1 - Unrelated Business Taxable Income

imposes the estimated tax underpayment penalty on any late

payment or underpayment of a required installment of

Enter the amount of unrelated business taxable income from

estimated tax. Refer to Arizona Form 220 for further details.

federal Form 990-T.

The penalty imposed is the penalty prescribed by A.R.S.

NOTE: A.R.S. §§ 43-1231 and 43-1241 do not allow

§ 43-582 for the applicable period.

additions to or subtractions from federal unrelated business

IRC § 7519 Required Payments

taxable income similar to those allowed for corporations.

These payments cannot be deducted on the Arizona tax returns

However, if the organization claims certain Arizona income

as an ordinary and necessary business expense or otherwise.

tax credits related to its UBTI activities, each credit statute

requires an addition to UBTI.

Rounding Dollar Amounts

Line 2 - Additions Related to Arizona Tax Credits

Organizations must round amounts to the nearest whole

dollar. If 50 cents or more, round up to the next dollar. If less

Enter the following additions to UBTI that are related to

than 50 cents, round down.

Arizona tax credits claimed by the organization. Include a

schedule detailing these additions.

Records

A. Environmental Technology Facility Credit (Form 305)

Every organization should maintain books and records



Excess Federal Depreciation or Amortization

substantiating information reported on the return and keep

these documents for inspection. Arizona General Tax Ruling

Enter the excess of depreciation or amortization

GTR 96-1 discusses the general requirements for the

computed on the federal basis of the facility over

maintenance and retention of books, records and other

depreciation or amortization computed on the Arizona

sources of information received, created, maintained or

adjusted basis of the facility. Make this adjustment for

generated through various computer, electronic and imaging

the facility for which the organization claimed a tax

processes and systems. Refer to this tax ruling for further

credit under A.R.S. § 43

1169.

information.



Excess in Federal Adjusted Basis

Specific Instructions

Enter the amount by which the federal adjusted basis of

the facility exceeds the Arizona adjusted basis of the

Type or print the required information in the name, address,

facility. Make this adjustment if the facility or any

and information boxes on the top of page 1. Indicate whether

component of the facility for which the organization

the taxable year is a calendar year or a fiscal year; if a fiscal

claimed a tax credit under A.R.S. § 43

1169 was sold or

year, indicate the taxable year on the top of the return.

otherwise disposed of during the taxable year.

Indicate whether this return is an original or an amended

return.

B. Pollution Control Credit (Form 315)



Enter the employer identification number (EIN) of the

Excess Federal Depreciation or Amortization

organization, which is its taxpayer identification number (TIN).

Enter the excess of depreciation or amortization computed on

Complete lines A through F. Be sure to enter the unrelated

the federal basis of the property over depreciation or

business activity code(s) from the federal Form 990-T on line C.

amortization computed on the Arizona adjusted basis of the

All returns, statements, and other documents filed with the

property. Make this adjustment for the property for which the

department require a TIN. Organizations that fail to include

organization claimed a tax credit under A.R.S. § 43-1170.

their TIN may be subject to a penalty. Paid tax return



Excess in Federal Adjusted Basis

preparers must include their TIN where requested. The TIN

Enter the amount by which the federal adjusted basis of the

for a paid tax return preparer is the individual's social security

property exceeds the Arizona adjusted basis of the property.

number or the EIN of the business. Paid tax return preparers

Make this adjustment if the property for which the

that fail to include their TIN may be subject to a penalty.

organization claimed a tax credit under A.R.S. § 43-1170

NEW: For taxable years beginning from and after December

was sold or otherwise disposed of during the taxable year.

31, 2013, a multistate service provider may elect to treat

C. Credit for Taxes Paid for Coal Consumed in

sales from services as being in Arizona based on a

Generating Electrical Power (Form 318)

combination of income producing activity sales and market

sales prescribed under A.R.S. § 43-1147(B). Taxpayers who

Enter the amount of expenses deducted pursuant to the Internal

want to make the election should check the applicable boxes

Revenue Code for which the organization claimed the credit

on line E on page 1 of the return and include Schedule MSP

for taxes paid for coal consumed in generating electrical

with the return. See the specific instructions for the

power, in Arizona, under A.R.S. § 43-1178. The addition is

apportionment formula on these instructions. Also refer to

required for the amount of Arizona transaction privilege taxes

A.R.S. § 43-1147 and Schedule MSP instructions for more

and Arizona use taxes included in the computation of UBTI for

information.

which the Arizona credit is claimed.

Instructions For Form 99t - Arizona Exempt Organization Business Income Tax Return - 2014 Page 3

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