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Arizona Form 120X



Solar Liquid Fuel Credit. This tax credit is for

Nonrefundable Income Tax Credit

Form

taxpayers that increase research activities related to

Credit for Corporate Contributions to School Tuition

341

Organizations for Displaced Students or Students With

solar liquid fuel. Additional credits will become

Disabilities

available in 2016 for production and delivery system

Renewable Energy Production Tax Credit

343

costs. See Form 344 for more information.

Solar Liquid Fuel Credit

344



Credit for New Employment

345

Credit for New Employment. This tax credit is for

Additional Credit for Increased Research Activities for

346

taxpayers that have net increases in employment. The

Basic Research Payments

credit limit is administered by the Arizona Commerce

Credit for Qualified Health Insurance Plans

347

Authority. See Form 345 for more information.

Credit for Renewable Energy Investment and Production

351

for Self-Consumption by Manufacturers



Additional Credit for Increased Research Activities

for Basic Research Payments. This tax credit is for

Line 22 - Refundable Tax Credits

taxpayers that make qualified basic research payments

Check the box marked 308, 342 and/or 349 to indicate which

for research conducted in Arizona. Approval by the

of these tax credits the taxpayer is claiming. Enter the total

Arizona Department of Revenue is required prior to

amount of the credits claimed on line 22. Include the

claiming this tax credit.

See Form 346 for more

completed credit form(s) with Form 120X, whether or not the

information.

amount claimed on line 22 has changed.



Credit for Qualified Health Insurance Plans. This tax

Credit for Increased Research Activities. A portion of this

credit is for employers that provide qualified health

tax credit is refundable for qualified taxpayers. The refund is

insurance plans or contribute to health savings accounts

limited to 75% of the excess credit, which is the current year's

for its employees who are Arizona residents. See Form

credit less the current year's tax liability, not to exceed the

347 for more information.

amount approved by the Arizona Commerce Authority.



Credit for Renewable Energy Investment and

Include a copy of your "Certificate of Qualification" from the

Production for Self-Consumption by Manufacturers.

Arizona Commerce Authority, Form 300 and Form 308 with

This tax credit is for investment in new renewable

your return. Enter the amount from Form 308, Part 6, line 46.

energy facilities that produce energy for self-

Credit for Renewable Energy Industry. This tax credit is

consumption using renewable energy resources if the

for expanding or locating qualified renewable energy

power will be used primarily for manufacturing. See

operations in Arizona and is refundable in five equal

Form 351 for more information.

installments. Pre-approval and post-approval are required

Complete the appropriate credit form for each credit. Include

through the Arizona Commerce Authority. Include a copy of

the completed credit form(s) and also Form 300 with Form

your "Certification of Qualification" from the Arizona

120X, whether or not the amount claimed on line 19 has

Commerce Authority and Form 342 with your tax return to

claim this credit. Enter the amount from Form 342, Part 6,

changed.

line 18.

Line 20 - Credit Type

Credit for Qualified Facilities. This tax credit is for expanding

Indicate which tax credits were used on line 19 by entering

or locating a qualified facility in Arizona and is refundable in

the applicable form number(s) in the space provided.

five equal installments. Pre-approval and post-approval are

Complete this line whether or not the amount of tax credits

required through the Arizona Commerce Authority. Include a

claimed on line 19 has changed.

copy of your "Certification of Qualification" from the Arizona

Nonrefundable Income Tax Credit

Form

Commerce Authority and Form 349 with your tax return to

Enterprise Zone Credit

304

claim this credit. Enter the amount from Form 349, Part 6, line

Environmental Technology Facility Credit

305

18.

Military Reuse Zone Credit

306

If you are claiming more than one of the refundable tax credits,

Credit for Increased Research Activities

308

check the appropriate boxes and add the amounts from the

Pollution Control Credit

315

Credit for Taxes Paid for Coal Consumed in Generating

318

credit forms together and enter the total on line 22, or use the

Electrical Power

worksheet below to figure the amount to enter on line 22.

Credit for Solar Hot Water Heater Plumbing Stub Outs

319

and Electric Vehicle Recharge Outlets

Refundable Credit Worksheet

Credit for Employment of TANF Recipients

320

1. Enter the refundable credit from

Agricultural Pollution Control Equipment Credit

325

Form 308, Part 6, line 46.

Credit for Donation of School Site

331

Credits for Healthy Forest Enterprises

332

2. Enter the apportioned credit from

Credit for Employing National Guard Members

333

Form 342, Part 6, line 18.

Motion Picture Credits

334

3. Enter the apportioned credit from

Credit for Corporate Contributions to School Tuition

335

Form 349, Part 6, line 18.

Organizations

Credit for Solar Energy Devices - Commercial and

336

4. Add the amounts on lines 1, 2,

Industrial Applications

and 3. Enter the total here and on

Credit for Water Conservation System Plumbing Stub Outs

337

Form 120X, line 22.

Instructions For Arizona Form 120x - Arizona Amended Corporation Income Tax Return - 2014 Page 4

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