Form 351 - Arizona Credit For Renewable Energy Investment And Production For Self-Consumption By Manufacturers - 2014 Page 2

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Name (as shown on page 1)

TIN

Part 3

S Corporation Credit Election and Shareholder’s Share of Credit

M M D D Y Y Y Y

11 The S corporation has made an irrevocable election for the taxable year ending

(check only one box):



Claim the credit for renewable energy investment and production for self-consumption by manufacturers as shown on Part 1, line 8

(for the taxable year mentioned above);



Pass the credit for renewable energy investment and production for self-consumption by manufacturers as shown on Part 1, line 8

(for the taxable year mentioned above) through to its shareholders.

Signature

Title

Date

If passing the credit through to the shareholders, complete lines 12 through 14 separately for each shareholder. Also complete lines 15, 16, and 17, as

applicable, separately for each shareholder. Provide a copy of the certificate(s) to each shareholder. Furnish each shareholder with a copy of Form 351.

12 Name of shareholder:

13 Shareholder’s TIN:

14 Shareholder’s share of the tax credit on Part 1, line 8 .................................................................................................... 14

15 Shareholder’s share of the amount on Part 1, line 2 ...................................................................................................... 15

16 Shareholder’s share of the amount on Part 1, line 6 ...................................................................................................... 16

17 Shareholder’s share of the amount on Part 2, line 10 .................................................................................................... 17

NOTE: Line 17 is the shareholder’s share of the amount of credit that is subject to recapture. The actual amount of

credit recapture should be the amount of credit the shareholder actually used on prior returns.

Partner’s Share of Credit

Part 4

Complete lines 18 through 20 separately for each partner. Also complete lines 21, 22 and 23, as applicable, separately for each partner. Provide a copy

of the certificate(s) to each partner. Furnish each partner with a copy of Form 351.

18 Name of partner:

19 Partner’s TIN:

20 Partner’s share of the tax credit on Part 1, line 8............................................................................................................ 20

21 Partner’s share of the amount on Part 1, line 2 .............................................................................................................. 21

22 Partner’s share of the amount on Part 1, line 6 .............................................................................................................. 22

23 Partner’s share of the amount on Part 2, line 10 ............................................................................................................ 23

NOTE: Line 23 is the partner’s share of the amount of credit that is subject to recapture. The actual amount of credit

recapture should be the amount of credit the partner actually used on prior returns.

Credit Recapture Summary

Part 5

24 Enter the taxable year(s) in which you took a credit for a facility whose certification has been terminated or revoked:

25a Enter the total amount of credit you established and used on prior returns:

• Individuals, corporations, exempt organizations with UBTI, and S corporations:

Enter the amount from Part 2, line 10 .......................................................................................................................... 25a

25b Enter the total amount of credit you received from a pass-through entity and actually used on prior returns:

• S corporation shareholders: Enter the amount from Part 3, line 17 or the amount of credit you actually used on

prior returns.

• Partners of a partnership: Enter the amount from Part 4, line 23 or the amount of credit you actually used on

prior returns ................................................................................................................................................................. 25b

25c Add line 25a and line 25b. Enter the total here .............................................................................................................. 25c

Also enter the amount on line 25c as instructed below:

• Individuals: Enter this amount on Form 301, Part 2, line 37.

• Corporations, exempt organizations with UBTI, or S corporations: Enter this amount on Form 300, Part 2, line 30.

Continued on page 3 

ADOR 11222 (14)

AZ Form 351 (2014)

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