Arizona Credit for Healthy Forest Enterprises

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Form 332 is obsolete, and is no longer supported by the Arizona Department of Revenue.

Credit for Healthy Forest Enterprises
Arizona Form 332, 332-1, 332-2Arizona Form

332

Credit for Employment by a Healthy
Forest Enterprise

2019

Include with your return.
For the calendar year 2019 or fiscal year beginning M M D D 2 0 1 9 and ending M M D D Y Y Y Y .
All businesses must be certified by the Arizona Commerce Authority and the Department of Revenue before
applying for this credit.
Name as shown on Form 140, 140PY, 140NR, 140X, 99T, 120, 120A, 120S, 120X or 165

Part 1

Healthy Forest Enterprise Information

Name of Healthy Forest Enterprise:

Employer identification number:

3
4

Reserved
Check one box to indicate the year this form represents for claiming the employment credit
under A.R.S. §§ 43-1076 or 43-1162:

 First Year
Part 2
5
6
7

15
16

Average Number of Full-Time Employees

Net Increase in Qualified Employment Positions

Limitation on Number of Qualified Employment Positions

Maximum number of filled, qualified employment positions on which a credit may be calculated................................. 11
Maximum number of new qualified employment positions on which you may claim the credit:
Enter the lesser of line 10 or line 11............................................................................................................................... 12

Employment Credit Calculation

Qualified new employees............................................
Previously qualified employees in the second year of
continuous employment..............................................
Previously qualified employees in the third year of
continuous employment..............................................
Employment credit passed through from
16A Partnerships ........................................................
16B S corporations. See instructions............................

 Sixth Year or more

Net increase in average number of full-time employees: Enter the amount from Part 2, line 7.................................... 9
Net increase in qualified employment positions for this healthy forest enterprise: Enter the lesser of line 8 or line 9. 10

Part 5

13
14

 Fourth Year  Fifth Year

Total number of filled, qualified employment positions created in the current year........................................................ 8

Part 4
11
12

 Second Year  Third Year

Average number of full-time employees in the healthy forest enterprise during the current taxable year...................... 5
Average number of full-time employees in the healthy forest enterprise during the immediately preceding
taxable year.................................................................................................................................................................... 6
Net increase in average number of full-time employees: Subtract line 6 from line 5. Enter the difference.................. 7

Part 3
8
9
10

Social Security or Employer Identification Number

Add the amounts in column (d) for lines 13 through
16B. Enter the total. This is the total employment
credit............................................................................

(a)
Number of
Qualifying
Employees

(b)
Qualifying Wages

200

(d)
Allowable Credit

00 25%

00 33.33%

00 50%

00
16A

16B

00
00
Continued on page 2 

ADOR 10683 (19)

Name (as shown on page 1):

Part 6
18
19
20
21
22
23
24

29
30
31
32

18
19

24B S corporations from Form 332-S, Part 3, line 8.......................................................................................................
Add lines 23, 24A, and 24B. Enter the total. This is the total amount of the employment credit subject to recapture.............

24B

Enter the total amount of all training credits previously allowed......................................................................................
Recapture of training credit for healthy forest enterprises. Multiply line 30 by the percentage on line 29. Enter the result........
Enter the total amount of the credit subject to recapture passed through to you from:
32A Partnerships from Form 332-P, Part 3, line 11, and/or.............................................................................................

YYYY
YYYY

20
21
22
23

%
00
00
00
00
00

24A

Recapture of the Training Credit

Enter the taxable year in which the certification of the business as a healthy forest enterprise was revoked or terminated....
Enter the first taxable year in which the training credit for healthy forest enterprises was allowed.................................
Number of years between when the training credit was first allowed and when the certification was revoked or
terminated.......................................................................................................................................................................
Enter the recapture percentage based on the number of years entered on line 28. See instructions...............................

26
27

YYYY
YYYY

28
29
30
31

%
00
00

32A

00
00
00

32B S corporations from Form 332-S, Part 3, line 11...................................................................................................... 32B
Add lines 31, 32A, and 32B. Enter the total. This is the total amount of the training credit subject to recapture.................. 33

Part 8
34

Recapture of the Employment Credit

Enter the taxable year in which the certification of the business as a healthy forest enterprise was revoked or terminated....
Enter the first taxable year in which the employment credit for healthy forest enterprises was allowed.........................
Number of years between when the employment credit was first allowed and when the certification
was revoked or terminated..............................................................................................................................................
Enter the recapture percentage based on the number of years entered on line 20. See instructions...............................
Enter the total amount of all employment credits previously allowed..............................................................................
Recapture of employment credit for healthy forest enterprises. Multiply line 22 by the percentage on line 21. Enter the result.
Enter the total amount of the credit subject to recapture passed through to you from:
24A Partnerships from Form 332-P, Part 3, line 8, and/or ..............................................................................................

Part 7
26
27
28

EIN:

S Corporation Credit Elections

The S corporation has made an irrevocable election for the taxable year ending

MM D D Y Y Y Y

to (check only one box):

34a .Claim the employment credit for healthy forest enterprises, as shown on Part 5, line 17, column (d) (for the taxable year indicated above);
OR
34b  Pass the employment credit for healthy forest enterprises, as shown on Part 5, line 17, column (d) (for the taxable year indicated above)
through to its shareholders.

Signature

Title Date

If electing to claim the credit at the corporate level, continue to Part 10.
If passing the credit through to the shareholders, complete Form 332-S for each shareholder.

• Provide a copy of completed Form 332-S to each shareholder.

• Include a copy of each Form 332-S completed with your tax return.

• Keep a copy of each completed Form 332-S for your records.

Part 9

Partner’s Share of Credits and Credit Recaptures

Partnerships qualifying for the credit must pass it through to their partners. When passing the credit through to your partners, complete Form 332-P for
each partner.

• Provide a copy of completed Form 332-P to each partner.
•
Include a copy of each Form 332-P completed with your tax return.

• Keep a copy of each completed Form 332-P for your records.
After completing a Form 332-P for each partner, STOP. Do not complete the remainder of this form.

ADOR

10683 (19)

AZ Form 332 (2019)

Page 2 of 5

Name (as shown on page 1):

Part 10

EIN:

Recapture Summary for Employment Credit

Enter the taxable year(s) in which you took an employment credit or credit carryover for a disqualified healthy forest
enterprise:

Enter the total amount of the employment credit originally allowed................................................................................

37
38
39

Enter the total amount of the employment credit to be recaptured from Part 6, line 25..................................................
Subtract line 37 from line 36 and enter the difference. This is the amount of current employment credit allowable.......
Amount of employment credit on line 36 that you have claimed on prior years’ returns.................................................

37
38
39

00
00
00
00

Subtract line 39 from line 38 and enter the difference.
If the difference is POSITIVE:

the credit carryover remaining for use in future years. See instructions.
If the difference is NEGATIVE:
• This is the amount of employment credit carryover you must recapture.
• Adjust the amounts in Part 12, lines 47 through 51, column (d) to “0”. There is no carryover amount for the
employment credit. See instructions.
• Individuals: Also, enter this amount as a POSITIVE number on Form 301, Part 2, line 32. (If you have a recapture
of the employment credit and the training credit, add the amounts on Part 10, line 40 and Part 11, line 46. Enter the
total on Form 301, Part 2, line 32.)
• C Corporations, S corporations that claimed the training credit at the corporate level, and exempt organizations with
UBTI: Also enter this amount as a POSITIVE number on Form 300, Part 2, line 23. (If you have a recapture of the
employment credit and the training credit, add the amounts on Part 10, line 40 and Part 11, line 46. Enter the total
on Form 300, Part 2, line 23.)...................................................................................................................................... 40

• This is the amount of employment credit carryover you have remaining for use in future years.
• Adjust the amounts in Part 12, lines 47 through 51, column (d) so the total amount on line 52 equals the amount of

Part 11
41

Recapture Summary for Training Credit

42
43
44
45

Enter the taxable year(s) in which you took a training credit or credit carryover for a disqualified healthy forest
enterprise:
Enter the total amount of the training credit originally allowed........................................................................................
Enter the total amount of the training credit to be recaptured from Part 7, line 33..........................................................
Subtract line 43 from line 42 and enter the difference. This is the amount of current training credit allowable...............
Amount of credit on line 42 that you have claimed on prior years’ returns......................................................................

Subtract line 45 from line 44 and enter the difference.

42
43
44
45

00
00
00
00

the credit carryover remaining for use in future years. See instructions.
If the difference is NEGATIVE:
• This is the amount of training credit carryover you must recapture.
• Adjust the amounts in Part 13, lines 53 through 57, column (d) to “0”. There is no carryover amount for the
employment credit. See instructions.
• Individuals: Also, enter this amount as a POSITIVE number on Form 301, Part 2, line 32. (If you have a recapture
of the employment credit and the training credit, add the amounts on Part 10, line 40 and Part 11, line 46. Enter the
total on Form 301, Part 2, line 32.)
• C Corporations, S corporations that claimed the training credit at the corporate level, and exempt organizations with
UBTI: Also enter this amount as a POSITIVE number on Form 300, Part 2, line 23. (If you have a recapture of the
employment credit and the training credit, add the amounts on Part 10, line 40 and Part 11, line 46. Enter the total
on Form 300, Part 2, line 23.)...................................................................................................................................... 46

If the difference is POSITIVE:

• This is the amount of training credit carryover you have remaining for use in future years.
• Adjust the amounts in Part 13, lines 53 through 57, column (d) so the total amount on line 55 equals the amount of

ADOR

10683 (19)

AZ Form 332 (2019)

Page 3 of 5

Name (as shown on page 1):

Part 12

EIN:

Available Employment Credit Carryover
(a)
Taxable Year

(b)
Original Credit Amount

00
00
00
00
00

47
48
49
50
51
52

Available Training Credit Carryover
(a)
Taxable Year

(b)
Original Credit Amount

59
60

00
00
00
00
00
00
(d)
Available Credit Carryover:
Subtract column (c) from
column (b).

00
00
00
00

Total Available Carryover: Add lines 53 through 56 in column (d). Enter the total...............................................

Part 14

Subtract column (c) from
column (b).

00
00
00
00

53
54
55
56

(d)
Available Credit Carryover:

00
00
00
00
00

Total Available Carryover: Add lines 47 through 51 in column (d). Enter the total...............................................

Part 13

00
00
00
00
00

58
59

00
00

Total Available Credit

Current year’s employment credit:
• Individuals, C Corporations, S corporations claiming this credit at the corporate level, or exempt
organizations with UBTI: Enter the amount from Part 5, line 17, column (d)
• Partnerships: Enter “0”.
• S corporations that passed the credit through to shareholders: Enter “0”
• Individuals: Also, enter this amount on Form 301, Part 1, line 15, column (a)
• Partnerships: Enter “0”.
• S corporations that passed the credit through to shareholders: Enter “0”.
• C Corporations, S corporations electing to claim this credit at the corporate level, and exempt
organizations with UBTI: Also, enter this amount on Form 300, Part 1, line 10, column (a).............................
Enter the available employment credit carryover from Part 12, line 52, column (d), if any...................................
Enter the available training credit carryover from Part 13, line 57, column (d), if any.
• Individuals: Also enter the total of lines 59 and 60 (total carryover) on Form 301, Part 1,
line 15, column (b)
• C Corporations, S corporations electing to claim the credit at the corporate level, and exempt
organizations with UBTI: Also enter the total of lines 59 and 60 (total carryover) on Form 300,
Part 1, line 10, column (b)..................................................................................................................................
Total available credit: Add lines 58 through 60.
• Individuals: Also, enter this amount on Form 301, Part 1, line 15, column (c).
• C Corporations, S corporations electing to claim this credit at the corporate level, and exempt
organizations with UBTI: Also enter this amount on Form 300, Part 1, line 10, column (c)..............................

ADOR

10683 (19)

AZ Form 332 (2019)

Print 332

Page 4 of 5

Name (as shown on Form 332)

EIN

Page

Form 332-1

Qualified Employees of Healthy Forest Enterprise

2019

Complete a Form 332-1 for each qualified employee of the Healthy Forest Enterprise. See instructions for Form 332-1 (included with
Instructions for Form 332) about providing the requested information in an alternative format.
1

Employee name:

Employee’s taxpayer identification number (TIN)............................................

Did employee reside in Arizona on date of hire?.............................................

Brief description of employee’s job duties:

 Yes

 No

Current date of employment............................................................................ M M D D Y Y Y Y

If employee was previously employed by the business, list the previous date
of employment. See instructions........................................................................... M M D D Y Y Y Y

7a Is the employee in a permanent full time position?..........................................

 Yes

 No

7b If the answer to line 7a is “Yes”, list the number of hours the employee actually
worked during the taxable year.........................................................................
7c If the answer to line 7b is less than 1550 hours annually, explain:

Employee’s annual compensation for the taxable year............................................................................... $

9a Total cost of health insurance provided by employer for employee. See instructions....................................... $

9b Total cost of health insurance for employee paid by employer. See instructions.............................................. $

Is this employee in a new qualified employment position?..............................

Check only one box:

ADOR
10683 (19)

 First year employee

 Second year employee

AZ Form 332 (2019)

Print 332-1

 Yes

 No

 Third year employee

Page 5 of 5

Name (as shown on Form 332):

Form 332-2

TIN:

Page

Qualified Employees for Which You are Taking the Employment Credit

(a)
Employee’s Name

(b)
Social Security
Number

Check the appropriate box.
This employee is a:

(d)
Total Wages Paid to
the Employee During
the Current Tax Year

Enter the lesser of column (d) or
the maximum allowed below.
(e1)
Year 1
$2000

14
15 TOTAL:
• For column (c), add the number of employees in each column (c1), (c2) and
(c3), and enter the total for each column on line 15.
• For columns (d) and (e), add the amounts in each column and enter the
total for each column on line 15........................................................................ 15
If you have more than 14 qualified employees, complete and include additional sheets of Form 332-2

ADOR 10683 (19)

00
Print 332-2

2019

(e)
Maximum Allowable Wages:

(c2)
(c3)
(c1)
2nd Year
3rd Year
1st Year
Employee Employee Employee

Clear 332-2

(e2)
Year 2
$3000

(e3)
Year 3
$3000

Extracted from PDF file 2019-arizona-form-332.pdf, last modified October 2009

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More about the Arizona Form 332 Corporate Income Tax Tax Credit

We last updated the Credit for Healthy Forest Enterprises in May 2021, and the latest form we have available is for tax year 2019. This means that we don't yet have the updated form for the current tax year. Please check this page regularly, as we will post the updated form as soon as it is released by the Arizona Department of Revenue. You can print other Arizona tax forms here.

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Other Arizona Corporate Income Tax Forms:

TaxFormFinder has an additional 95 Arizona income tax forms that you may need, plus all federal income tax forms.

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Schedule ACA	Schedule ACA - Air Carrier Apportionment
Form 120S	Arizona S Corporation Income Tax Return Tax Return
Form 141AZ	Arizona Fiduciary Income Tax Return Tax Return
Form 165	Arizona Partnership Income Tax Return Tax Return
Form 343	Renewable Energy Production Tax Credit Tax Credit

Download all AZ tax forms View all 96 Arizona Income Tax Forms

Form Sources:

Arizona usually releases forms for the current tax year between January and April. We last updated Arizona Form 332 from the Department of Revenue in May 2021.

Show Sources >

Form 332 is an Arizona Corporate Income Tax form. States often have dozens of even hundreds of various tax credits, which, unlike deductions, provide a dollar-for-dollar reduction of tax liability. Some common tax credits apply to many taxpayers, while others only apply to extremely specific situations. In most cases, you will have to provide evidence to show that you are eligible for the tax credit, and calculate the amount of the credit to which you are entitled.

About the Corporate Income Tax

The IRS and most states require corporations to file an income tax return, with the exact filing requirements depending on the type of company.

Sole proprietorships or disregarded entities like LLCs are filed on Schedule C (or the state equivalent) of the owner's personal income tax return, flow-through entities like S Corporations or Partnerships are generally required to file an informational return equivilent to the IRS Form 1120S or Form 1065, and full corporations must file the equivalent of federal Form 1120 (and, unlike flow-through corporations, are often subject to a corporate tax liability).

Additional forms are available for a wide variety of specific entities and transactions including fiduciaries, nonprofits, and companies involved in other specific types of business.

Historical Past-Year Versions of Arizona Form 332

We have a total of six past-year versions of Form 332 in the TaxFormFinder archives, including for the previous tax year. Download past year versions of this tax form as PDFs here:

2019 Form 332

Arizona Form 332, 332-1, 332-2

2017 Form 332