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Arizona Nonrefundable Individual Tax Credits and Recapture
Extracted from PDF file 2022-arizona-form-301.pdf, last modified July 2021Nonrefundable Individual Tax Credits and Recapture
Arizona Form 301-SBI Nonrefundable Individual Tax Credits and Recapture for Forms 140-SBI, 140PY-SBI, 140NR-SBI and 140X-SBI 2022 Include with your return. For the calendar year 2022 or fiscal year beginning M M D D 2 0 2 2 and ending M M D D Y Y Y Y . Your Name as shown on Form 140-SBI, 140PY-SBI, 140NR-SBI or 140X-SBI Your Social Security Number Spouse’s Name as shown on Form 140-SBI, 140PY-SBI, 140NR-SBI or 140X-SBI (if a joint return) Part 1 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 Spouse’s Social Security Number Nonrefundable Individual Tax Credits Available: Enter total available tax credits. (a) Current Year Credit (b) Available Carryover Military Reuse Zone Credit........................................................... Form 306 ► 1 Credit for Increased Research Activities – Individuals............... Form 308-I ► 2 Credit for Taxes Paid to Another State or Country................. Form 309-SBI ► 3 Agricultural Water Conservation System Credit........................... Form 312 ► 4 Credit for Solar Hot Water Heater Plumbing Stub Outs and Electric Vehicle Recharge Outlets................................................ Form 319 ► 5 Agricultural Pollution Control Equipment Credit........................... Form 325 ► 6 Credit for Donation of School Site................................................ Form 331 ► 7 Credit for Employing National Guard Members............................ Form 333 ► 8 Credit for Business Contributions by an S Corporation to School Tuition Organizations - Individual................................... Form 335-I ► 9 Credit for Solar Energy Devices – Commercial and Industrial Applications................................................................... Form 336 ► 10 Credit for Investment in Qualified Small Businesses.................... Form 338 ► 11 Credit for Business Contributions by an S Corporation to School Tuition Organizations for Displaced Students or Students with Disabilities - Individual................................................................ Form 341-I ► 12 Renewable Energy Production Tax Credit.................................... Form 343 ► 13 Credit for New Employment......................................................... Form 345 ► 14 Additional Credit for Increased Research Activities for Basic Research Payments........................................................... Form 346 ► 15 Healthy Forest Production Tax Credit.......................................... Form 353 ► 16 Affordable Housing Tax Credit..................................................... Form 354 ► 17 Credit for Entity-Level Income Tax............................................... Form 355 ► 18 Reserved......................................................................................................... 19 Total available nonrefundable tax credits: Add lines 1 through 18.............................................................................. 20 ! IMPORTANT ADOR 11405 (22) (c) Total Available Credit (a) + (b) 00 00 00 00 00 00 00 00 00 00 00 00 00 00 00 00 00 00 00 Continued on page 2 You must include Form 301-SBI and the corresponding credit form(s) for which you computed your credit(s) with your Small Business Income tax return. Page 1 of 3 Your Name (as shown on page 1) Part 2 Your Social Security Number Application of Tax Credits and Recapture: Enter tax, recapture tax, and tax credits used this taxable year. 21 Tax from Form 140-SBI, line 51; or Form 140PY-SBI, line 51; or Form 140NR-SBI, line 49; or Form 140X-SBI, line 51................................................................................................................................................... 21 22 Tax from Recapture of Credit for Qualified Facilities from Form 349, Part 7, line 19............... 22 00 23 Tax from Recapture of Credit for Affordable Housing from Form 354, Part 2, line 12............ 23 00 24 Reserved. Do not enter an amount on this line...................................................................... 24 25 Recapture Total: Add lines 22 and 23. Enter here and on Form 140-SBI, line 52; or Form 140PY-SBI, line 52; or Form 140NR-SBI, line 50; or Form 140X-SBI, line 52....................................................................................................... 25 26 Total: Add lines 21 and 25................................................................................................................................................ 26 Nonrefundable Tax Credits Used This Taxable Year: Enter amounts actually used from Part 1. 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 Military Reuse Zone Credit...................................................................................Form 306 ► Credit for Increased Research Activities – Individuals...................................... Form 308-I ► Credit for Taxes Paid to Another State or Country.........................................Form 309-SBI ► Agricultural Water Conservation System Credit...................................................Form 312 ► Credit for Solar Hot Water Heater Plumbing Stub Outs and Electric Vehicle Recharge Outlets........................................................................Form 319 ► Agricultural Pollution Control Equipment Credit...................................................Form 325 ► Credit for Donation of School Site........................................................................Form 331 ► Credit for Employing National Guard Members....................................................Form 333 ► Credit for Business Contribution by an S Corporation to School Tuition Organizations - Individual.......................................................... Form 335-I ► Credit for Solar Energy Devices – Commercial and Industrial Applications.........Form 336 ► Credit for Investment in Qualified Small Businesses............................................Form 338 ► Credit for Business Contributions by an S Corporation to School Tuition Organizations for Displaced Students or Students with Disabilities - Individual... Form 341-I ► Renewable Energy Production Tax Credit............................................................Form 343 ► Credit for New Employment.................................................................................Form 345 ► Additional Credit for Increased Research Activities for Basic Research Payments...Form 346 ► Healthy Forest Production Tax Credit..................................................................Form 353 ► Affordable Housing Tax Credit.............................................................................Form 354 ► Credit for Entity-Level Income Tax.......................................................................Form 355 ► Reserved................................................................................................................................ 27 28 29 30 00 00 00 00 31 32 33 34 00 00 00 00 35 36 37 00 00 00 38 39 40 41 42 43 44 45 00 00 00 00 00 00 00 46 Total Tax Credits Used: Add lines 27 through 44. Enter this amount on Form 140-SBI, line 54; or Form 140PY-SBI line 54; or Form 140NR-SBI, line 52 or Form 140X-SBI, line 54. Total credits used cannot be more than line 26..... 46 00 00 00 00 Continued on page 3 Print Form ADOR 11405 (22) AZ Form 301-SBI (2022) Page 2 of 3 Your Name (as shown on page 1) Your Social Security Number Part 3 Amount of tax credits from Form 301-SBI available to use on Form 301. Only complete this section if the both of the following are true: • The total available credits on Form 301-SBI, Part 1, line 20, exceeds the total tax credits used from Form 301-SBI, Part 2, line 46. • The balance of tax on Form 140, 140PY, 140NR or 140X after applying the non-refundable credits from Form 301 is greater than“0”. 47 Enter the tax amount from Form 301, line 35............................. 47 00 48 Enter the total credits used from Form 301, line 62................... 48 00 49 Subtract line 48 from line 47. Enter the difference.................... 49 00 If line 49 is zero or less, STOP! Do not complete the following table. If the amount on line 49 is greater than zero, complete the table below to determine the amount of credit to enter on Form 301, line 63. Column (a) Column (b) Available credit from Part 1, Amount in column (a) column (c) minus credit used transferred to in Part 2. Enter the difference. Form 301, line 63. Military Reuse Zone Credit...................................................................................Form 306 ► Credit for Increased Research Activities – Individuals...................................... Form 308-I ► Credit for Taxes Paid to Another State or Country.........................................Form 309-SBI ► Agricultural Water Conservation System Credit...................................................Form 312 ► 50 51 52 53 00 00 00 00 54 Credit for Solar Hot Water Heater Plumbing Stub Outs and Electric Vehicle Recharge Outlets.................................................................................................Form 319 ► 55 Agricultural Pollution Control Equipment Credit...................................................Form 325 ► 56 Credit for Donation of School Site........................................................................Form 331 ► 57 Credit for Employing National Guard Members....................................................Form 333 ► 00 00 00 00 54 55 56 57 00 00 00 00 00 00 00 00 00 00 00 00 00 00 62 Renewable Energy Production Tax Credit............................................................Form 343 ► 62 00 00 00 00 63 Credit for New Employment.................................................................................Form 345 ► 63 00 00 64 Additional Credit for Increased Research Activities for Basic Research Payments.. Form 346 ► 64 00 00 65 Healthy Forest Production Tax Credit................................................................. Form 353 ► 65 00 00 66 Affordable Housing Tax Credit.............................................................................Form 354 ► 66 00 00 00 00 50 51 52 53 58 Credit for Business Contribution by an S Corporation to School Tuition Organizations - Individual.......................................................... Form 335-I ► 58 59 Credit for Solar Energy Devices – Commercial and Industrial Applications.........Form 336 ► 59 60 Credit for Investment in Qualified Small Businesses............................................Form 338 ► 60 61 Credit for Business Contributions by an S Corporation to School Tuition Organizations for Displaced Students with Disabilities - Individual.................. Form 341-I ► 61 67 Credit for Entity-Level Income Tax.......................................................................Form 355 ► 67 68 Reserved................................................................................................................................ 68 69 Total Credits transferred to Form 301, line 63. Add lines 50 through 67, column (b), and enter the amount. Amount cannot be greater than line 49........................................ 69 00 Print Form ADOR 11405 (22) AZ Form 301-SBI (2022) Page 3 of 3
Arizona Form 301
More about the Arizona Form 301 Individual Income Tax Tax Credit TY 2022
Summarization of taxpayer's application of nonrefundable tax credits and credit recapture amounts for the taxable year.
We last updated the Nonrefundable Individual Tax Credits and Recapture in February 2023, so this is the latest version of Form 301, fully updated for tax year 2022. You can download or print current or past-year PDFs of Form 301 directly from TaxFormFinder. You can print other Arizona tax forms here.
Related Arizona Individual Income Tax Forms:
TaxFormFinder has an additional 95 Arizona income tax forms that you may need, plus all federal income tax forms. These related forms may also be needed with the Arizona Form 301.
| Form Code | Form Name |
|---|---|
| Form 301-SBI | Nonrefundable Individual Tax Credits and Recapture for Form 140-SBI, 140PY-SBI, 140NR-SBI or 140X-SBI |
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 301 from the Department of Revenue in February 2023.
Form 301 is an Arizona Individual 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 Individual Income Tax
The IRS and most states collect a personal income tax, which is paid throughout the year via tax withholding or estimated income tax payments.
Most taxpayers are required to file a yearly income tax return in April to both the Internal Revenue Service and their state's revenue department, which will result in either a tax refund of excess withheld income or a tax payment if the withholding does not cover the taxpayer's entire liability. Every taxpayer's situation is different - please consult a CPA or licensed tax preparer to ensure that you are filing the correct tax forms!
Historical Past-Year Versions of Arizona Form 301
We have a total of ten past-year versions of Form 301 in the TaxFormFinder archives, including for the previous tax year. Download past year versions of this tax form as PDFs here:
2012 Form 301
Arizona Form 301
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