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Arizona Environmental Technology Facility Credit
Form 305 is obsolete, and is no longer supported by the Arizona Department of Revenue.
Extracted from PDF file 2019-arizona-form-305.pdf, last modified January 2017Environmental Technology Facility Credit
Arizona Form 305 Environmental Technology Facility Credit 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 . Name as shown on Form 140, 140PY, 140NR, 140X, 99T, 120, 120A, 120S, 120X, or 165 Social Security or Employer Identification Number Certification number from the former Arizona Department of Commerce: Part 1 Schedule of Cost of Equipment or Property Used in Construction of a Facility for Current Year and Current Taxable Year’s Credit Calculation 1 Start date of facility’s initial construction............................................................................................. 1 (a) Description of Equipment or Property MM D D Y Y Y Y (b) Cost 1A 00 1B 00 1C 00 1D 00 1E 00 1F 00 1G 00 1H 00 1I Total of lines 1A through 1H............................................................................................................... 00 1J Total from additional worksheets........................................................................................................ 2 Add lines 1I and 1J. Enter the total. This is a total of all current year property on which this credit is claimed........................................................................................................................................... 2 00 3 Multiply line 2, column (b), by 10%. Enter the result......................................................................... 4 Enter the amount of this credit passed through from partnerships on Form(s) 305-P, Part 1, line 3(c)............................................................................................................................................... 5 Enter the amount of this credit passed through from S corporations on Form(s) 305-S, Part 1, line 3(c)............................................................................................................................................... 6 Add lines 3 through 5. Enter the total. This is the current taxable year’s Environmental Technology Facility Credit...................................................................................................................................... 3 00 4 00 5 00 6 00 00 Continued on page 2 ADOR 10132 (19) Name (as shown on page 1) Part 2 EIN Recapture of Environmental Technology Facility Credit 7a Certification number: 7b Date facility was placed in service........................................................ 8 Date facility ceased to operate as an environmental manufacturing, producing or processing facility............................................................ 7b M M D D Y Y Y Y 8 M M D D Y Y Y Y 9 Enter total credit determined in prior years for this facility.................................................................. 9 00 10 See instructions for the recapture percentage to enter...................................................................... 10 11 Multiply line 9 by the percentage on line 10. Enter the result. This is the amount of the credit to be recaptured from taxpayer operations........................................................................................ 11 % 00 00 12 Enter the partner’s portion of this credit subject to recapture from Form(s) 305-P, Part 2, line 7....... 12 13 Enter the S corporation shareholder’s portion of this credit subject to recapture from Form(s) 305-S, Part 2, line 7 ............................................................................................................. 13 14 Add lines 11 through 13. Enter the total. This is the total amount of the Environmental Technology Facility Credit to be recaptured for the current taxable year. Also, enter this amount on Part 5, line 18................................................................................................................................ 14 Part 3 00 00 Partnerships A partnership claiming this credit must pass it through to its partners. • Complete Form 305-P for each partner. • Provide a completed copy of Form 305-P to each partner. • Include a copy of each completed Form 305-P with your tax return. • Keep a copy of each completed Form 305-P for your records. • Do not complete Parts 4 through 7 of this form. Part 4 S Corporation Credit Election and Shareholder’s Share of Credit and Credit Recapture 15 The S corporation has made an irrevocable election for the taxable year ending M M D D Y Y Y Y to (check only one box): 15a � Claim the environmental technology facility credit, as shown on Part 1, line 6, column (b) (for the taxable year indicated above); OR 15b Pass the environmental technology facility credit, as shown on Part 1, line 6, column (b) (for the taxable year indicated above) through to its shareholders. Signature Title Date If passing the credit through to the shareholders, complete Form 305-S for each shareholder. • Provide a copy of completed Form 305-S to each shareholder. • Include a copy of each Form 305-S completed with your tax return. • Keep a copy of each completed Form 305-S for your records. Continued on page 3 ADOR 10132 (19) AZ Form 305 (2019) Page 2 of 4 Name (as shown on page 1) Part 5 EIN Credit Recapture Summary 16 Enter the taxable year(s) in which you claimed a credit or credit carryover for the facility that has ceased to operate as an environmental manufacturing, producing or processing facility: 17 Enter the total amount of credit originally determined for the facility.................................................. 17 00 18 Enter the total amount of credit to be recaptured from Part 2, line 14................................................ 18 19 Subtract line 18 from line 17 and enter the difference. This is the amount of credit allowable for the facility that has ceased to operate as an environmental manufacturing, producing or processing facility............................................................................................................................... 19 00 20 Enter the total amount of credit on line 17 that you used on prior years’ returns............................... 20 00 21 Subtract line 20 from line 19 and enter the difference........................................................................ 21 00 00 If the difference is POSITIVE: • This is the amount of Environmental Technology Facility Credit carryover you have remaining for use in future years. • Adjust the amounts in Part 6, lines 22 through 36, column (d) so the total amount on line 37 equals the amount of the credit carryover remaining for use in future years. See instructions. If the difference is NEGATIVE: • This is the amount of Environmental Technology Facility Credit you must recapture. • Adjust the amounts in Part 6, lines 22 through 36 column (d) to “0”. There is no carryover amount for this credit. See instructions. • Individuals: Enter this amount as a POSITIVE number on Form 301, Part 2, line 31. • C corporations, S corporations that claimed this credit at the corporate level, and exempt organizations with UBTI: Enter this amount as a POSITIVE number on Form 300, Part 2, line 22. Part 6 Available Credit Carryover (a) Taxable Year (b) Original Credit Amount (c) Amount Previously Used, Expired or Recaptured (d) Available Carryover: Subtract column (c) from column (b). 22 00 00 00 23 00 00 00 24 00 00 00 25 00 00 00 26 00 00 00 27 00 00 00 28 00 00 00 29 00 00 00 30 00 00 00 31 00 00 00 32 00 00 00 33 00 00 00 34 00 00 00 35 00 00 00 36 00 00 00 37 00 37 Total Available Carryover: Add lines 22 through 36 in column (d). Enter the total............................. Continued on page 4 ADOR 10132 (19) AZ Form 305 (2019) Page 3 of 4 Name (as shown on page 1) Part 7 EIN Total Available Credit 38 Current year’s credit: • Individuals, C corporations, S corporations electing to claim this credit at the corporate level, or exempt organizations with UBTI: Enter the amount from Part 1, line 6, column (b). • Individuals: Enter this amount on Form 301, Part 1, line 1, column (a). • C corporations, S corporations electing to claim this credit at the corporate level, and exempt organizations with UBTI: Enter this amount on Form 300, Part 1, line 1, column (a) • Partnerships: Enter “0”. • S corporations electing to pass this credit through to its shareholders: Enter “0”........................... 38 39 Available credit carryover from Part 6, line 37, column (d): • Individuals: Enter this amount on Form 301, Part 1, line 1, column (b). • C corporations, S corporations electing to claim this credit at the corporate level, and exempt organizations with UBTI: Enter this amount on Form 300, Part 1, line 1, column (b)....................... 39 40 Total available credit: Add lines 38 and 39. Enter the total. • Individuals: Enter the total on Form 301, Part 1, line 1, column (c). • C corporations, S corporations electing to claim this credit at the corporate level, and exempt organizations with UBTI: Enter the total on Form 300, Part 1, line 1, column (c)........................... 40 00 00 00 Print Form ADOR 10132 (19) AZ Form 305 (2019) Page 4 of 4
Arizona Form 305
More about the Arizona Form 305 Corporate Income Tax Tax Credit
We last updated the Environmental Technology Facility Credit 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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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 165 | Arizona Partnership Income Tax Return |
| Form 141AZ | Arizona Fiduciary Income Tax Return |
| 165 Schedule K-1 | Schedule K-1 Resident Partner's Share of Adjustment to Partnership Income |
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 305 from the Department of Revenue in May 2021.
Form 305 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 305
We have a total of six past-year versions of Form 305 in the TaxFormFinder archives, including for the previous tax year. Download past year versions of this tax form as PDFs here:
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