Arizona Form 120s - S Corporation Income Tax Return

Arizona Form 120S



Credit for Taxes Paid for Coal Consumed in

commercial, industrial, or any other nonresidential

Generating Electrical Power. This tax credit is for a

purpose in the taxpayer’s trade or business located in

percentage of the amount paid by the seller or purchaser

Arizona. The taxpayer or an exempt organization may

as transaction privilege tax or use tax for coal sold to

transfer the credit to a third party that either financed,

the taxpayer that is consumed in the generation of

installed, or manufactured the qualifying solar energy

electrical power in Arizona. Complete Form 318 to

device. Use Form 336 to figure this tax credit.

claim this tax credit.



Credit for Water Conservation System Stub Outs.



Credit for Solar Hot Water Heater Plumbing Stub

The credit for water conservation system plumbing stub

Outs and Electric Vehicle Recharge Outlets. This tax

outs has expired. This credit may not be claimed for

credit is for the installation of solar hot water heater

taxable years ending after December 31, 2011.

plumbing stub outs and electric vehicle recharge outlets

However, any credit carryover established in calendar

in houses or dwelling units constructed by the taxpayer.

year 2011 and prior will be allowed for not more than

The houses or dwelling units must be located in

five consecutive taxable years. Use Form 337 to figure

Arizona. Complete Form 319 to claim this tax credit.

any allowable credit carryover.



Credit for Employment of TANF Recipients. This tax



Credit for Corporate Contributions to School

credit is for net increases in qualified employment for

Tuition Organizations for Displaced Students or

recipients of temporary assistance for needy families

Students With Disabilities. This tax credit is for

(TANF) who are residents of Arizona. Complete

corporations who make contributions to school tuition

Form 320 to claim this tax credit.

organizations that provide scholarships and tuition



Agricultural Pollution Control Equipment Credit.

grants to qualifying children attending qualified

This tax credit is for expenses incurred during the

nongovernmental schools. Use Form 341 to claim this

taxable year to purchase tangible personal property that

tax credit.

is primarily used in the taxpayer’s business in Arizona



to control or prevent agricultural pollution. Complete

Renewable Energy Production Tax Credit. This tax

Form 325 to claim this tax credit.

credit is for taxpayers that produce electricity using



qualified energy resources. Approval by the Arizona

Credit for Donation of School Site. This tax credit is

Department of Revenue is required prior to claiming

for the donation of real property and improvements to

this tax credit. Use Form 343 to claim this tax credit.

an Arizona school district or Arizona charter school for



use as a school or as a site for the construction of a

Solar Liquid Fuel Credit. This tax credit is for

school. Complete Form 331 to claim this tax credit.

taxpayers that increase research activities related to



solar liquid fuel. Additional credits will become

Credits for Healthy Forest Enterprises. These tax

available in 2016 for production and delivery system

credits are for net increases in qualified employment

costs. Use Form 344 to claim this tax credit.

positions in a healthy forest enterprise and net training and



certifying costs. Use Form 332 to claim these tax credits.

Credit for New Employment. This tax credit is for



taxpayers that have net increases in employment. The

Credit for Employing National Guard Members.

credit limit is administered by the Arizona Commerce

This tax credit is for an employer who has an employee

Authority. Use Form 345 to claim this tax credit.

that is a member of the Arizona National Guard and the



employee was placed on active duty. Use Form 333 to

Additional Credit for Increased Research Activities

claim this tax credit.

for Basic Research Payments. This tax credit is for

taxpayers that make qualified basic research payments



Motion Picture Credits. Motion picture production

for research conducted in Arizona. Approval by the

companies that produced motion pictures, commercials,

Arizona Department of Revenue is required prior to

music videos, or television series completely or partially

claiming this tax credit. Use Form 346 to claim this tax

in Arizona may claim a transferable income tax credit

credit.

for production costs. To qualify, productions must have



been preapproved by the Arizona Commerce Authority

Credit for Qualified Health Insurance Plans. This tax

by December 31, 2010. Use Form 334 to claim this tax

credit is for employers that provide qualified health

credit.

insurance plans or contribute to health savings accounts

for its employees who are Arizona residents.

Use



Credit for Corporate Contributions to School

Form 347 to claim this tax credit.

Tuition Organizations. This credit is for corporations

who make contributions to school tuition organizations

Complete the appropriate credit form for each tax credit.

which provide scholarships and tuition grants to

Attach the completed credit form to the tax return with

children attending qualified nongovernmental schools.

Arizona Form 300.

Use Form 335 to claim this tax credit.

Amended Returns: Attach the completed credit form(s) to the



Credit for Solar Energy Devices - Commercial and

amended Form 120S, with Arizona Form 300 whether or not

Industrial Applications. This credit is available to

the amount claimed on line 15 has changed.

taxpayers that install solar energy devices for

Arizona Form 120s - S Corporation Income Tax Return - 2013 Page 5

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