Instructions For Arizona Form 120x - Arizona Amended Corporation Income Tax Return - 2014 Page 3
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7Arizona Form 120X
processing facility as described in A.R.S. § 41-1514.02.
use as a school or as a site for the construction of a
See Form 305 for more information.
school. See Form 331 for more information.
Credits for Healthy Forest Enterprises. These tax credits
Military Reuse Zone Credit. This tax credit is for net
are for net increases in qualified employment positions in a
increases in employment of full-time employees working
healthy forest enterprise and net training and certifying
in a military reuse zone established under Arizona law.
costs. See Form 332 for more information.
See Form 306 for more information.
Credit for Employing National Guard Members.
Credit for Increased Research Activities. This tax
This credit is for an employer who has an employee that
credit is for taxpayers who incur qualified research
is a member of the Arizona National Guard and the
expenses for research conducted in Arizona. The credit
employee was placed on active duty. See Form 333 for
applies to taxable years beginning from and after
more information.
December 31, 2000. A portion of the excess credit
claimed for taxable years beginning from and after
Motion Picture Credits. Motion picture production
December 31, 2009 may be refundable with approval
companies that produced motion pictures, commercials,
from the Arizona Commerce Authority. Be sure to
music videos, or television series completely or partially
include only the nonrefundable portion on line 19. See
in Arizona may claim a transferable income tax credit
Form 308 for more information.
for production costs. To qualify, productions must have
been preapproved by the Arizona Commerce Authority
Pollution Control Credit. This tax credit is for
by December 31, 2010.
See Form 334 for more
expenses incurred during the taxable year to purchase
information.
real or personal property used in the taxpayer's trade or
business in Arizona to control or prevent pollution. See
Credit for Corporate Contributions to School
Form 315 for more information.
Tuition Organizations. This credit is for corporations
who make contributions to school tuition organizations
Credit for Taxes Paid for Coal Consumed in
which provide scholarships and tuition grants to
Generating Electrical Power. This tax credit is for a
children attending qualified nongovernmental schools.
percentage of the amount paid by the seller or purchaser
See Form 335 for more information.
as transaction privilege tax or use tax for coal sold to
the taxpayer that is consumed in the generation of
Credit for Solar Energy Devices - Commercial and
electrical power in Arizona. "Amount paid by the seller
Industrial Applications. This credit is available to
or purchaser as transaction privilege tax or use tax"
taxpayers that install solar energy devices for
means that the Arizona transaction privilege tax was
commercial, industrial, or any other nonresidential
passed through to the taxpayer by the seller as an added
purpose in the taxpayer’s trade or business located in
charge or that the seller collected the Arizona use tax
Arizona. The taxpayer or an exempt organization may
from the taxpayer or that the taxpayer paid the Arizona
transfer the credit to a third party that either financed,
use tax to the department. See Form 318 for more
installed, or manufactured the qualifying solar energy
information.
device. See Form 336 for more information.
Credit for Water Conservation System Plumbing
Credit for Solar Hot Water Heater Plumbing Stub
Stub Outs. The credit for water conservation system
Outs and Electric Vehicle Recharge Outlets. This tax
plumbing stub outs has expired. This credit may not be
credit is for the installation of solar hot water heater
plumbing stub outs and electric vehicle recharge outlets
claimed for taxable years ending after December 31,
2011. However, any credit carryover established in
in houses or dwelling units constructed by the taxpayer.
calendar year 2011 and prior will be allowed for not
The houses or dwelling units must be located in
more than five consecutive taxable years. See Form
Arizona. See Form 319 for more information.
337 for more information.
Credit for Employment of TANF Recipients. This tax
Credit for Corporate Contributions to School Tuition
credit is for net increases in qualified employment for
Organizations for Displaced Students or Students
recipients of temporary assistance for needy families
with Disabilities. This tax credit is for corporations who
(TANF) who are residents of Arizona. See Form 320 for
make contributions to school tuition organizations that
more information.
provide scholarships and tuition grants to qualifying
Agricultural Pollution Control Equipment Credit.
children attending qualified nongovernmental schools.
This tax credit is for expenses incurred during the
See Form 341 for more information.
taxable year to purchase tangible personal property that
Renewable Energy Production Tax Credit. This tax
is primarily used in the taxpayer’s business in Arizona
credit is for taxpayers that produce electricity using
to control or prevent agricultural pollution. See Form
qualified energy resources. Approval by the Arizona
325 for more information.
Department of Revenue is required prior to claiming
Credit for Donation of School Site. This tax credit is
this tax credit. See Form 343 for more information.
for the donation of real property and improvements to
an Arizona school district or Arizona charter school for
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