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Arizona Free Printable Arizona Form 51T for 2024 Arizona Election for Accounting and Reporting Expenses Credit

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Election for Accounting and Reporting Expenses Credit
Arizona Form 51T

Arizona Form Transaction Privilege Tax Election to Allocate Credit for Accounting and Reporting Expenses 51T If this is a change of your credit allocation, check the box.  2023 Enter the effective date of the change: M M Y Y Y Y Name of Reporting Entity Employer Identification Number (EIN) C/O Social Security Number (SSN if no EIN) Mailing Address – number and street or PO Box Business Telephone Number (with area code) City, Town or Post Office State ZIP Code Country REVENUE USE ONLY. DO NOT MARK IN THIS AREA. 88 Entity Type as filed on Arizona income tax return - Check one. See instructions H = S corporation I = Sole Proprietor P = Partnership E = Estate T = Trust If the entity is a C Corporation, indicate Arizona filing method: S = Separate Corporation C = Combined F = Consolidated If the entity is a Limited Liability Company, indicate method of filing federally: LC = C Corporation LH = S corporation LP = Partnership LI = Sole Proprietorship 81 PM 80 RCVD A business entity that files a single Arizona income tax return which includes income from more than one transaction privilege tax license may file this election form with the Arizona Department of Revenue if it is expected that the credit for accounting and reporting expenses for all transaction privilege tax licenses will meet or exceed the maximum amount for the calendar year. This election form should indicate how the credit will be allocated among the licensees. The credit is claimed on Arizona Form TPT‑2. See A.R.S. § 42-5017 for additional information and requirements to claim the accounting credit. Allocating the credit: List all Arizona transaction privilege tax (TPT) licenses that are part of this group and are subject to the election. All TPT licensees who file a TPT return are eligible for a credit of up to $10,000. TPT licensees who file all their TPT returns electronically for the entire calendar year may claim an additional credit of up to $2,000. Use whole dollar amounts to indicate the amount of each election. If TPT returns for all licenses are filed electronically, check this box.  (a) (b) (c) (d) Election Amount Click on the left arrow to display type of update; click on one to select. Add/ Change/ Delete Name of TPT Licensee TPT License Number (Total credit cannot exceed $10,000.) (e) Additional eFile Election Amount (Total credit cannot exceed $2,000.) (f) Total Election Amount Add Columns (d) and (e). (Total cannot exceed $12,000.) 1 $.00 $.00 $.00 2 $.00 $.00 $.00 3 $.00 $.00 $.00 4 $.00 $.00 $.00 5 $.00 $.00 $.00 $.00 $.00 $.00 6 7 Total Election Amount. Add lines 1 through 6 of columns (d) through (f). Enter the totals......................................................... $.00 $.00 $.00 Please Sign Here ADOR 10150 (23) TAXPAYER’S SIGNATURE TAXPAYER’S TITLE DATE PAID PREPARER’S SIGNATURE (other than taxpayer) PHONE NUMBER (with area code) PAID PREPARER’S TIN ● Mail to Arizona Department of Revenue, PO Box 29010, Phoenix, AZ 85038-9010 ● For assistance call: (602) 255-3381 or 1-800-352-4090 (statewide only). Print
Extracted from PDF file 2023-arizona-form-51t.pdf, last modified October 2009

More about the Arizona Form 51T Corporate Income Tax Tax Credit TY 2023

Business taxpayers complete this form to claim a credit for accounting and reporting expenses for transaction privilege licenses.

We last updated the Election for Accounting and Reporting Expenses Credit in February 2024, so this is the latest version of Form 51T, fully updated for tax year 2023. You can download or print current or past-year PDFs of Form 51T directly from TaxFormFinder. 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.

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

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 51T from the Department of Revenue in February 2024.

Show Sources >

Form 51T 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 51T

We have a total of twelve past-year versions of Form 51T in the TaxFormFinder archives, including for the previous tax year. Download past year versions of this tax form as PDFs here:


2023 Form 51T

Arizona Form 51T

2022 Form 51T

Arizona Form 51T

2021 Form 51T

Arizona Form 51T

2020 Form 51T

Arizona Form 51T

2019 Form 51T

Arizona Form 51T

2016 Form 51T

Arizona Form 51T

Transaction Privilege Tax Election for Accounting and Reporting Expenses Credit 2015 Form 51T

Arizona Form 51T

Transaction Privilege Tax Election for Accounting and Reporting Expenses Credit 2014 Form 51T

Arizona Form 51T

Transaction Privilege Tax Election for Accounting and Reporting Expenses Credit 2013 Form 51T

Arizona Form 51T

Transaction Privilege Tax Election for Accounting and Reporting Expenses Credit 2012 Form 51T

Arizona Form 51T

Transaction Privilege Tax Election For Accounting And Reporting Expenses Credit 2011 Form 51T

Arizona Form 51T


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