Arizona Form 325 - Agricultural Pollution Control Equipment Credit - 2015

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Arizona Form

2015

Agricultural Pollution Control Equipment Credit

325

Include with your return.

For the calendar year 2015 or fiscal year beginning

2 0 1 5 and ending

M M D D

2 0

Y Y

Name as shown on Form 140, 140PY, 140NR, 140X, 99T, 120, 120A, 120S, 120X or 165

Social Security or

Employer Identification Number

Part 1

Schedule of Equipment and Current Taxable Year’s Credit Calculation

If additional space is needed, include a separate schedule.

(a)

(b)

(c)

Total Cost of Property

Used to Reduce

Date Property Placed in

Agricultural Pollution

Service or Expected to be

Incurred During

Placed in Service

Description

the Taxable Year

M M D D Y Y

11 Total: Add lines 1 through 10 in column (c)................................................................................................ 11

12 Total from continuation schedule, if applicable ........................................................................................... 12

13 Total cost of pollution control equipment incurred during the taxable year: Add lines 11 and 12 .............. 13

14 Tentative credit for current taxable year: Multiply line 13 by 25% (.25) ..................................................... 14

25,000 00

15 Maximum credit allowed ............................................................................................................................. 15

16 Credit for current taxable year: Enter the lesser of line 14 or line 15 ........................................................ 16

In order to calculate Arizona depreciation or amortization, a taxpayer who elects to claim a credit under A.R.S. §§ 43-1081.01 or

43-1170.01 shall reduce the basis of the agricultural pollution control equipment by the amount of the credit claimed.

S Corporation Credit Election and Shareholder’s Share of Credit

Part 2

M M D D Y Y Y Y

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

(check only one box):



Claim the agricultural pollution control equipment credit as shown on Part 1, line 16 (for the taxable year mentioned above);



Pass the agricultural pollution control equipment credit as shown on Part 1, line 16 (for the taxable year mentioned above)