Nonrefundable Individual Tax Credits and Recapture Phone Numbers If

Document Sample
Nonrefundable Individual Tax Credits and Recapture Phone Numbers If Powered By Docstoc
					2007 Nonrefundable Individual                                                                               Arizona Form
Tax Credits and Recapture                                                                                        301
Phone Numbers                                                            Line 4 - Military Reuse Zone Credit
                                                                         Enter the amount from Form 306, Part IX, line 44.
If you have questions, please call one of the following
numbers:                                                                 Line 5 - Recycling Equipment Credit
    Phoenix                                (602) 255-3381                Enter the amount from Form 307, line 11.
    From area codes 520 & 928 toll-free    (800) 352-4090                Line 6 - Credit for Increased Research Activities
    Form orders                            (602) 542-4260
    Recorded Tax Information                                             Enter the amount from Form 308-I, Part VI, line 28.
    Phoenix                                (602) 542-1991
                                                                         Line 7a - Resident Credit for Taxes Paid to Another
    From area codes 520 & 928 toll-free    (800) 845-8192
                                                                         State or Country
    Hearing impaired TDD user
    Phoenix                                (602) 542-4021                Enter the amount from Form 309-R, line 20.
    From area codes 520 & 928 toll-free    (800) 397-0256
You may also visit our web site at: www.azdor.gov                        Line 7b - Nonresident Credit for Taxes Paid to
                                                                         Another State or Country
General Instructions                                                     Enter the amount from Form 309-NR, line 22.
Individual taxpayers must use Form 301 to claim                          Line 7c - Part-Year Resident Credit for Taxes Paid
nonrefundable tax credits. Use this form to:                             to Another State or Country
•     Summarize your total available nonrefundable tax credits;          Enter the amount from Form 309-PY, line 31.
•     Determine the application of the available tax credits;            Line 7d - Credit for Taxes Paid to Another State for
                                                                         Arizona Residents Who Are Also Considered to Be
•     Summarize your tax liability related to recapture of tax
                                                                         a Statutory Resident of Another State
      credits.
                                                                         Enter the amount from Form 309-D, line 31.
Line-by-Line Instructions
                                                                         Line 8 - Credit for Solar Energy Devices
Enter your name and social security number as shown on
                                                                         Enter the amount from Form 310, Part III, line 18.
Arizona Form 140, 140PY, 140NR, or 140X.
                                                                         Line 9 - Agricultural Water Conservation System Credit
All returns, statements, and other documents filed with the
Department of Revenue require a taxpayer identification                  Enter the amount from Form 312, Part VI, line 22.
number (TIN). The TIN is either a correct social security
number or, for a business, the federal identification                    Line 10 - Pollution Control Credit
number. Taxpayers and paid preparers who fail to include                 Enter the amount from Form 315, Part V, line 32.
the proper TIN may be subject to a penalty. Please check
the return to be sure that all required identification                   Line 11 - Credit for Solar Hot Water Heater Plumbing
numbers are accurate and written clearly. Missing,                       Stub Outs and Electric Vehicle Recharge Outlets
incorrect, or unclear identification numbers may cause                   Enter the amount from Form 319, Part VII, line 32.
delays in processing the returns.
                                                                         Line 12 - Credit for Employment of TANF Recipients
Part I: Nonrefundable Individual Tax Credits                             Enter the amount from Form 320, Part VIII, line 31.
Complete Part I to determine the total amount of available               Line 13 - Credit for Contributions to Charities That
nonrefundable tax credits. The available tax credit amount               Provide Assistance to the Working Poor
for a particular credit is the total of the current taxable year's
credit and any unused credit carryovers from prior taxable               Enter the amount from Form 321, Part III, line 16.
years. On lines 1 through 23, enter the available tax credit             Line 14 - Credit for Contributions Made or Fees
amount for each of the credits listed.                                   Paid to Public Schools
Line 1 - Defense Contracting Credit                                      Enter the amount from Form 322, line 12.
Enter the amount from Form 302, Part VIII, line 32.
                                                                         Line 15 - Credit for Contributions to School Tuition
Line 2 - Enterprise Zone Credit                                          Organizations
Enter the amount from Form 304, Part X, line 36.                         Enter the amount from Form 323, line 12.
Line 3 - Environmental Technology Facility Credit                        Line 16 - Agricultural Pollution Control Equipment
Enter the amount from Form 305, Part VII, line 42.                       Credit
                                                                         Enter the amount from Form 325, Part V, line 32.


                                                                     1
                                                                                                                          Form 301

Line 17 - Credit for Donation of School Site                          Line 31 -
Enter the amount from Form 331, Part V, line 25.                      Add lines 27 and 30 and enter the total here.
Line 18 - Credit for Healthy Forest Enterprises                       Line 32 -
Enter the amount from Form 332, Part XI, line 44.                     If you claimed a family income tax credit, enter the amount
Line 19 - Credit for Employing National Guard Members                 of family income tax credit claimed from Form 140, line 26,
                                                                      or Form 140PY, line 29, or Form 140X, line 31.
Enter the amount from Form 333, Part VI, line 22.
                                                                      Line 33 -
Line 20 - Credit for Motion Picture Production Costs
Enter the amount from Form 334, Part VII, line 32.                    Subtract line 32 from line 31. Enter the result.

Line 21 - Credit for Solar Energy Devices Commercial                  Nonrefundable Tax Credits Claimed: The total amount of
and Industrial Applications                                           tax credits you claim cannot exceed the amount entered on
                                                                      line 33. In order for you to determine which tax credit(s) to
Enter the amount from Form 336, Part IX, line 46.                     claim and the amount to claim for a particular tax credit, you
Line 22 - Credit for Investment in Qualified Small                    must consider any limitations on the allowable amount of a
Businesses                                                            particular tax credit and whether you may carry the unused
Enter the amount from Form 338, Part V, line 14.                      portion of a particular tax credit forward.
Line 23 - Credit for Water Conservation Systems                       Line 34 - Defense Contracting Credit
Enter the amount from Form 339, Part III, line 10.                    There are two tax credits for qualified defense contractors.
Line 24 - Total Available Tax Credits                                 You may carry the unused portion of both tax credits
                                                                      forward regardless of continuing certification as a qualified
Add lines 1 through 23. Enter the total. This is the total            defense contractor. See Form 302 for details. Enter the amount
amount of all nonrefundable tax credits, except the family
income tax credit and the Clean Elections Fund tax credit,            claimed.
available for your use.                                               Line 35 - Enterprise Zone Credit
Part II: Application of Tax Credits and                               You may carry the unused portion of this tax credit forward
Recapture                                                             for five succeeding taxable years, provided the business
                                                                      remains in the enterprise zone. You lose the carryover if the
Complete Part II to figure any recapture. Also complete Part II       business relocates outside of the enterprise zone. You may
to determine which tax credits you will claim and the                 also lose the carryover if the enterprise zone is terminated.
portion of the available tax credit amount from Part I that
you will claim for a particular tax credit.                           See Form 304 for details. Enter the amount claimed.
Line 25 -                                                             Line 36 - Environmental Technology Facility Credit
Enter the amount of tax from Form 140, line 20, or Form 140PY,        You may carry the unused portion of this tax credit forward
line 23, or Form 140NR, line 23, or Form 140X, line 26.               for fifteen succeeding taxable years.
Line 26 -                                                             The portion of the available credit amount from Part I, line
Enter the amount of Clean Elections Fund tax reduction                3, that you may claim is limited to 75 percent of the amount
from Form 140, line 24, or Form 140PY, line 27, or Form               of tax entered on line 31. Enter the amount claimed.
140NR, line 27, or Form 140X, line 29.                                Line 37 - Military Reuse Zone Credit
Line 27-
                                                                      You may carry the unused portion of this tax credit forward
Subtract line 26 from line 25. Enter the result.                      for five succeeding taxable years if the business remains in
Line 28 -                                                             the military reuse zone. You lose the carryover if the
                                                                      business relocates outside of the military reuse zone. Enter
Enter the amount of tax due from recapture of the                     the amount claimed.
environmental technology facility credit on Form 305, Part V,
line 23.                                                              Line 38 - Recycling Equipment Credit
                                                                      The recycling equipment credit allowable to individuals has
Line 29 -
                                                                      been repealed. You may not take this credit for taxable
Enter the amount of tax due from recapture of the credit for          years beginning January 1, 2003 or later. However, the
healthy forest enterprises on Form 332, Part IX line 35.              repeal did not affect any credit carryover that accrued prior
Line 30 -                                                             to the repeal. See Form 307 for details.
                                                                      The portion of the available credit carryover that you may
Add lines 28 and 29. Enter the total here and on Form 140,
line 21, or Form 140PY, line 24, or Form 140NR, line 24, or           claim is limited to the lesser of 25 % of the amount of tax
Form 140X, line 27.                                                   entered on line 31 or $5,000. Enter the amount claimed.




                                                                  2
                                                                                                                          Form 301

Line 39 - Credit for Increased Research activities                    Line 49 - Agricultural Pollution Control Equipment
The unused portion of this tax credit may be carried forward          Credit
for fifteen succeeding taxable years. Enter the amount claimed.       You may carry the unused portion of this tax credit forward
Line 40a - Resident Credit for Taxes Paid to                          for five succeeding taxable years. Enter the amount claimed.
Another State or Country
There is no carryforward of the unused portion of this tax            Line 50 - Credit for Donation of School Site
credit. Enter the amount claimed.                                     You may carry the unused portion of this tax credit forward
Line 40b - Nonresident Credit for Taxes Paid to                       for five succeeding taxable years. Enter the amount claimed.
Another State or Country
                                                                      Line 51 - Credit for Healthy Forest Enterprises
There is no carryforward of the unused portion of this tax
credit. Enter the amount claimed.                                     You may carry the unused portion of this tax credit forward
                                                                      for five succeeding taxable years. Enter the amount claimed.
Line 40c - Part-Year Resident Credit for Taxes Paid
to Another State or Country                                           Line 52 - Credit for Employing National Guard Members

There is no carryforward of the unused portion of this tax            You may carry the unused portion of this tax credit forward
credit. Enter the amount claimed.                                     for five succeeding taxable years. Enter the amount claimed.

Line 40d - Credit for Taxes Paid to Another State                     Line 53 - Credit for Motion Picture Production Costs
for Arizona Residents Who Are Also Considered to                      You may carry the unused portion of this tax credit forward
Be a Statutory Resident of Another State                              for five succeeding taxable years. Enter the amount claimed.
There is no carryforward of the unused portion of this tax            Line 54 - Credit for Solar Energy Devices Commercial
credit. Enter the amount claimed.                                     and Industrial Application
Line 41 - Credit for Solar Energy Devices
                                                                      You may carry the unused portion of this tax credit forward
You may carry the unused portion of this credit forward for           for five succeeding taxable years. Enter the amount claimed.
five succeeding taxable years. Enter the amount claimed.
Line 42 - Agricultural Water Conservation System                      Line 55 - Credit for Investment in Qualified Small
Credit                                                                Businesses
You may carry the unused portion of this tax credit forward           You may carry the unused portion of this tax credit forward
for five succeeding taxable years. Enter the amount claimed.          for three succeeding taxable years. Enter the amount claimed.
Line 43 - Pollution Control Credit                                    Line 56 - Credit for Water Conservation Systems
You may carry the unused portion of this credit forward for           You may carry the unused portion of this tax credit forward
five succeeding taxable years. Enter the amount claimed.              for five succeeding taxable years. Enter the amount claimed.
Line 44 - Credit For Solar Hot Water Heater Plumbing                  Line 57 - Total Tax Credits Claimed
Stub Outs and Electric Vehicle Recharge Outlets
                                                                      Add lines 34 through 56 and enter the total here. This amount
You may carry the unused portion of this tax credit forward           cannot exceed the amount entered on line 33. Enter the
for five succeeding taxable years. Enter the amount claimed.          amount from this line on Form 140, line 27, or Form 140PY,
Line 45 - Credit For Employment of TANF Recipients                    line 30, or Form 140NR, line 29, or Form 140X, line 32.

You may carry the unused portion of this tax credit forward           Credit Carryover Worksheet
for five succeeding taxable years. Enter the amount claimed.          To figure how much of a credit carryover that you will have for
Line 46 - Credit for Contributions to Charities That                  next year, complete the following carryover worksheet. Keep
Provide Assistance to the Working Poor                                the worksheet with your records and use the information to
                                                                      complete your 2008 return that you will file in 2009.
You may carry the unused portion of this tax credit forward
for five succeeding taxable years. Enter the amount claimed.
Line 47 - Credit for Contributions Made or Fees
Paid to Public Schools
You may carry the unused portion of this tax credit forward
for five succeeding taxable years. Enter the amount claimed.
Line 48 - Credit for Contributions to School Tuition
Organizations
You may carry the unused portion of this tax credit forward
for five succeeding taxable years. Enter the amount claimed.



                                                                  3
                                                                                                                                         Form 301


                                                 Credit Carryover Worksheet
     Keep this worksheet with your records. Use this information to complete your 2008 credit forms that you will file in 2009.
                         (a)                                    (b)                       (c)                      (d)                    (e)
                   Credit Type                            Carryover?                2007 Credit            Credit used for          Carryover to
                                                                                                                2007                   2008
On lines 1 through 4 below, enter the types of credits   May the unused         On lines 1 through 4       On lines 1 through 4    For each line on
available to you for 2007.                               credit for the type    below, enter the amount    below, enter the        which you have
                                                         of credit entered      of each credit available   amount of each credit   entered an amount,
                                                         in column (a) be       to you for 2007. Take      used for 2007. Take     subtract the amount
                                                         carried forward?       these amounts from         these amounts from      in column (d) from
                                                         (See the applicable    Form 301, lines 1          Form 301, lines 34      the amount in
                                                         credit form for        through 23.                through 56.             column (c). This is
                                                         information about                                                         the amount of each
                                                         a specific credit.)                                                       credit that you may
                                                         Check either yes                                                          carryover to 2008,
                                                         or no.                                                                    providing the credit
                                                         If the answer is no,                                                      carryover may be
                                                         do not complete                                                           carried to 2008. Use
                                                         columns (c)                                                               this figure when
                                                         through (e) for                                                           completing       the
                                                         that line.                                                                appropriate 2008
                                                         YES          NO                                                           credit form.
1.
2.
3.
4.




                                                                      4