Arizona State - Credit 332 - Healthy Forest Enterprises Credit

A.R.S. ºº 43-1076 and 43-1162 allow a business that operates a healthy forest enterprise to receive a nonrefundable credit against corporate and individual income tax liabilities for taxable years beginning from and after December 31, 2011 through December 31, 2024. In order to claim either credit, the business must be a qualified healthy forest enterprise, as certified by the Arizona [...]

Arizona State - Credit 331 - Donation of School Site Credit

Arizona Revised Statutes (A.R.S.) §§ 43-1089.02 and 43-1181 provide nonrefundable individual and corporate income tax credits for the donation of real property and improvements to an Arizona school district or Arizona charter school for use as a school or as a site for the construction of a school. To qualify for the credit:  The real property and improvements must be located in [...]

Arizona Credit 325 - Agricultural Pollution Control Equipment Credit

To Qualify for the Credit: The taxpayer must be involved in the commercial production of livestock, livestock products or agricultural, horticultural, viticultural or floricultural crops or products; AND The taxpayer must purchase tangible personal property that is primarily used in the taxpayer’s trade or business in Arizona to control or prevent pollution. Property eligible for the [...]

Arizona State - Credit 320 - Employment of TANF Recipients Credit

Arizona law provides a nonrefundable credit for employers that employ recipients of Temporary Assistance for Needy Families (TANF). TANF is assistance granted under Section 403 of Title IV of the Social Security Act, as it exists after August 21, 1996. The credit for employing TANF recipients is equal to: 1. One-fourth of the taxable wages paid to each qualified employee in the first year or [...]

Arizona State - Credit 319 - Credit for Solar Hot Water Heater Plumbing Stub Outs and Electric Vehicle Recharge Outlets

Credit for Solar Hot Water Heater Plumbing Stub Outs and Electric Vehicle Recharge Outlets The credit for solar hot water heater plumbing stub outs and electric vehicle recharge outlets has expired. All credits that were properly established can be carried forward for the respective five year carry forward period. Use Form 319 to figure this [...]