Arizona Form 140py - Part-Year Resident Personal Income Tax Art-Year Resident Personal Income Tax - 2011 Page 35
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45Form 140PY
Line 36 - Arizona Estimated Tax Payments for
Note: The credit cannot exceed $100 per household. Do not
claim this credit if someone else in your household has already
2011 and Amount Applied From 2010 Return
claimed $100 of the credit. If someone else in your household has
Use this line if you did one of the following:
claimed less than $100, you may claim the credit as long as all
1.
Made estimated income tax payments to Arizona for 2011.
credit claims filed from your household do not exceed $100.
2. Applied any of your refund from your 2010 Arizona
Line 39 - Other Refundable Credits
return to 2011 estimated taxes for Arizona.
Enter the total of refundable credits you are claiming from
Enter the total amount paid and/or applied to 2011 taxes.
Form 308-I, Credit for Increased Research Activities -
NOTE: If you made joint Arizona estimated payments for 2011,
Individuals, or Form 342, Credit for Renewable Energy
but are filing separate 2011 Arizona income tax returns, see
Industry.
Arizona Department of Revenue Income Tax Ruling ITR 02-3.
If you enter an amount on this line, be sure you check the
Line 37 - 2011 Arizona Extension Payment
box or boxes to show which credits you are claiming. Also
(Form 204)
be sure to attach the credit claim form (308-I or 342) to your
return when you file.
Use this line to report the payment you sent with your
extension request, or the electronic extension payment you
Credit for Increased Research Activities - Individuals
made using
(Form 308-I)
Line 38 - Increased Excise Tax Credit
You may qualify for the refundable increased research
You may take this credit if you meet all of the following:
activities credit if you incurred qualified research expenses
for research conducted in Arizona. For more information
1.
You meet the income threshold for your filing status.
about this credit, and to see whether you may claim a refund
2.
You are not claimed as a dependent by any other taxpayer.
of this credit, see Arizona Form 308-I.
3. You were not sentenced for at least 60 days of 2011 to a
If you are claiming a refund of the increased research
county, state or federal prison.
activities credit from Form 308-I, enter the amount from
If you are married filing a joint return, or a head of household,
Form 308-I, Part IV, line 29, here.
you may take this credit if the amount on Form 140PY, page
1, line 14, is $25,000 or less. If you are single or married
Renewable Energy Industry Credit (Form 342)
filing a separate return, you may take this credit if the amount
You may qualify for the refundable renewable energy
on Form 140PY, page 1, line 14, is $12,500 or less.
industry credit if you expanded or located a qualified
To figure your credit, complete the following worksheet.
renewable energy operation in Arizona.
For more
information about this credit, see Arizona Form 342.
Credit for Increased Excise Taxes Worksheet
Check one
If you are claiming the renewable energy industry credit,
from Form 342, enter the amount from Form 342, Part IV,
Yes
No
If you checked filing status 4 or 5, is the
line 12, here.
amount on Form 140PY, page 1, line 14,
NOTE: If you are claiming a refundable credit from both
$25,000 or less?
Form 308-I and Form 342, add the amount from Form 308-I,
If you checked filing status 6 or 7, is the
Part IV, line 29 to the amount from Form 342, Part IV, line 12
amount on Form 140PY, page 1, line 14,
and enter the total on Form 140PY, page 1, line 39.
$12,500 or less?
Line 40 - Total Payments and Refundable
If you checked no, STOP. You do not qualify for this
credit.
If you checked yes, complete the rest of this
Credits
worksheet.
Add lines 35 through 39. Enter the total.
1.
Enter the number of dependents you
Also, do the following if you computed your 2011 tax under
entered on Form 140PY, page 1, box
Arizona's claim of right provisions.
10, excluding persons listed on Page 2,
line A3a. Also exclude any dependent
1. Write "ARS § 43-1029" and the amount of the prior
year tax reduction in the space to the left of your total
that is not an Arizona resident.
payment amount.
2. Number of personal exemptions. If you
2. Include the credit for the prior year tax reduction in the
checked filing status 4, enter the number
total entered on line 40.
2 here. If you checked filing status 5, 6,
or 7, enter the number 1 here.
3. Attach a schedule explaining the amounts repaid and the
computation of the prior year tax reduction.
3. Add lines 1 and 2. Enter the result.
For more information on Arizona's claim of right provisions,
4. Multiply the amount on line 3 by
see Arizona Department of Revenue Individual Income Tax
$25. Enter the result.
Procedure ITP 95-1.
5. Maximum credit.
$ 100
00
Figuring Your Overpayment or Tax Due
6. Enter the smaller of line 4 or line 5
here and also on Form 140PY, page
Line 41 - Tax Due
1, line 38.
If line 34 is more than line 40, you have tax due. Subtract
line 40 from line 34. Skip lines 42, 43, and 44.
21
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