Name (as shown on page 1)
SSN
Refundable Portion of the Current Taxable Year’s Excess Credit
Part 4
Only complete Part 4 if the “Yes” box on Part 1, line 1 or Part 1, line 3 is checked.
00
26
Total current taxable year’s credit: Enter the amount from Part 3, line 25 ..................................................................
26
27a Subtotal of tax: Enter the amount from Form 140, line 48; or Form 140PY, line 60;
00
or Form 140NR, line 58; or Form 140X, line 32..............................................................
27a
27b Nonrefundable tax credits: Enter the amount of nonrefundable tax credits from
00
Form 301, line 33 less the amount (if any) on Form 301, line 5, column (c) ..................
27b
27c Current taxable year’s credit for increased research activities that will be used to offset the current taxable year’s
tax liability: Subtract line 27b from line 27a and enter the difference. If the difference is zero or more, enter it on
Part 8, line 52; also enter it on Form 301, Part 1, line 5, column (a), and on Form 301, Part 2, line 48. If the
00
difference is less than zero, enter zero ........................................................................................................................
27c
28
Current taxable year’s excess credit: Subtract line 27c from line 26 and enter the difference. If less than zero,
00
enter zero, because no refund is available ..................................................................................................................
28
00
29
Tentative refundable credit: Multiply line 28 by 75% (.75). Enter the result ...............................................................
29
00
30
Maximum refundable credit: See instructions.............................................................................................................
30
00
31
Refundable Credit: Enter the lesser of line 29 or line 30. See instructions .............................................................
31
Complete Part 5 and Part 6 if you have carryovers from prior years. If you elect to receive a refund of 75% of the
excess credit, you cannot carry forward any amount from the year of the refund.
Available Pre-2003 Credit Carryover
Part 5
(a)
(b)
(c)
(d)
Taxable Year
Original Credit Amount
Amount Previously Used
Available Carryover:
Subtract column (c) from column (b).
2001
00
00
00
32
2002
00
00
00
33
00
34
TOTAL AVAILABLE PRE-2003 CARRYOVER: Add lines 32 and 33 in column (d) ....................................
34
Part 6
Available Post-2002 Credit Carryover
(a)
(b)
(c)
(d)
Taxable Year
Original Credit Amount
Amount Previously Used
Available Carryover:
Subtract column (c) from column (b).
2003
00
00
00
35
2004
00
00
00
36
2005
00
00
00
37
2006
00
00
00
38
2007
00
00
00
39
2008
00
00
00
40
2009
00
00
00
41
2010
00
00
00
42
2011
00
00
00
43
2012
00
00
00
44
2013
00
00
00
45
2014
00
00
00
46
00
47
TOTAL AVAILABLE POST-2002 CARRYOVER: Add lines 35 through 46 in column (d) ............................
47
Continued on page 3
ADOR 10570 (15)
AZ Form 308-I (2015)
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