Arizona Form 120s - S Corporation Income Tax Return

Arizona Form 120S

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

Line 16 - Credit Type

required through the Arizona Commerce Authority. Attach a

Indicate which nonrefundable tax credits were claimed on line 15

copy of your "Certification of Qualification" from the Arizona

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

Commerce Authority and Form 349 to your tax return to claim

this credit. Enter the amount from Form 349, Part VI, line 18.

Nonrefundable Income Tax Credit

Form

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

Enterprise Zone Credit

304

check the appropriate boxes and add the amounts from the

Environmental Technology Facility Credit

305

Military Reuse Zone Credit

306

credit forms together and enter the total on line 18, or use the

Credit for Increased Research Activities

308

worksheet below to figure the amount to enter on line 18.

Pollution Control Credit

315

Refundable Credit Worksheet

Credit for Taxes Paid for Coal Consumed in Generating

318

Electrical Power

1. Enter the refundable credit from

Credit for Solar Hot Water Heater Plumbing Stub Outs

319

Form 308, Part VI, line 46.

and Electric Vehicle Recharge Outlets

Credit for Employment of TANF Recipients

320

2. Enter the apportioned credit from

Agricultural Pollution Control Equipment Credit

325

Form 342, Part VI, line 18.

Credit for Donation of School Site

331

3. Enter the apportioned credit from

Credits for Healthy Forest Enterprises

332

Form 349, Part VI, line 18.

Credit for Employing National Guard Members

333

4. Add the amounts on lines 1, 2,

Motion Picture Credits

334

and 3. Enter the total here and on

Credit for Corporate Contributions to School Tuition

335

Organizations

Form 120S, line 18.

Credit for Solar Energy Devices - Commercial and

336

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

Industrial Applications

amended Form 120S, with Form 300, if applicable, whether

Credit for Water Conservation System Plumbing Stub Outs

337

Credit for Corporate Contributions to School Tuition

or not the amount claimed on line 18 has changed.

Organizations for Displaced Students or Students With

341

Line 19 - Extension Payments

Disabilities

Renewable Energy Production Tax Credit

343

Original Returns: Enter any payment made with the request for

Solar Liquid Fuel Credit

344

extension of time to file the income tax return or made online

Credit for New Employment

345

by the original due date.

Additional Credit for Increased Research Activities for

346

Amended Returns: Enter any payment made with the request

Basic Research Payments

Credit for Qualified Health Insurance Plans

347

for an extension of time to file the original return or made

online by the original due date. DO NOT include or enter the

Line 17 - Arizona Tax Liability

amount of any penalties or interest paid.

Subtract line 15 from line 14. If line 15 is more than line 14, enter

Line 20 - Estimated Payments

zero (0). Line 17 cannot be a negative amount.

Original Returns: Enter the total amount paid by the

Tax Payments

S corporation for the taxable year. Attach a schedule listing

dates and payments made.

Line 18 - Refundable Tax Credits

Amended Returns: Enter the total amount of estimated tax

Check the box(es) marked 308, 342 and/or 349 to indicate

payments made by the S corporation for the taxable year. Do

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

not include the amount of any penalties paid, or any reduction

total amount of the credits claimed on line 18.

for the amount of an overpayment that was designated as an

estimated tax payment for 2013 on a prior return.

Credit for Increased Research Activities. A portion of this tax

Line 21 - Total Payments

credit is refundable for qualified taxpayers. The refund is limited

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

Original Returns: Add lines 18, 19 and 20. Enter the total.

the current year's tax liability, not to exceed the amount

Amended Returns: Enter the total amount of tax payments

approved by the Arizona Commerce Authority. Attach a copy of

made for the taxable year. Compute the total as follows:

your "Certificate of Qualification" from the Arizona Commerce



Add the amounts entered on lines 18, 19 and 20.

Authority, Form 300 and Form 308 to your return. Enter the



amount from Form 308, Part VI, line 46.

Add the amount of a payment sent with the original

return (if any);

Credit for Renewable Energy Industry. This tax credit is



for expanding or locating qualified renewable energy

Add the amount of any payments made after the original

operations in Arizona and is refundable in five equal

return was filed; and

installments. Pre-approval and post-approval are required



Subtract the amount of any overpayment of tax (from the

through the Arizona Commerce Authority. Attach a copy of

original return, line 23) and the total amount of any

your "Certification of Qualification" from the Arizona

overpayments from an Arizona Department of Revenue

Commerce Authority and Form 342 to your tax return to claim

correction notice, a prior amended return, or an audit.

this credit. Enter the amount from Form 342, Part VI, line 18.



Do not include or enter the amount of any penalties or

Credit for Qualified Facilities. This tax credit is for expanding

interest paid.

or locating a qualified facility in Arizona and is refundable in

Arizona Form 120s - S Corporation Income Tax Return - 2013 Page 6

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