Arizona Recycling Equipment Credit

Recycling Equipment Credit
Arizona Form 307
Print Form
Arizona Form

2017

Recycling Equipment Credit

307

Include with your return.
For the calendar year 2017 or fiscal year beginning M M D D 2 0 1 7 and ending M M D D Y Y Y Y .
Your Name as shown on Form 140, 140PY, 140NR, 140X

Your Social Security Number

Spouse’s Name as shown on Form 140, 140PY, 140NR, 140X (if a joint return)

Spouse’s Social Security Number

Total Available Credit Carryover
(a)
Taxable Year
from which you are
carrying the credit

(b)
Original Credit Amount

2002

(c)
Amount
Previously Used

(d)
Tentative Carryover
Amount

(e)
Amount Unallowable

Subtract column (e)
from column (d).

(See instructions)

00

00

00

(f)
Available Carryover

00

00

Instructions
For information or help, call one of the numbers listed:
Phoenix	
(602) 255-3381
From area codes 520 and 928, toll-free	
(800) 352-4090
Tax forms, instructions, and other tax information
If you need tax forms, instructions, and other tax information,
go to the department’s website at www.azdor.gov.
Income Tax Procedures and Rulings
These instructions may refer to the department’s income tax
procedures and rulings for more information. To view or print
these, go to our website and click on Legal Research then click
on Procedures or Rulings and select a tax type from the drop
down menu.
Publications
To view or print the department’s publications, go to our
website and click on Publications.

General Instructions

The recycling equipment credit for an individual was repealed
effective for taxable years beginning from and after December 31,
2002. Individuals cannot claim any new credits. A partnership
cannot generate and pass a new credit through to its individual
partners.
Individuals can continue to carry any unused credit forward,
if the credits were claimed in taxable years beginning prior to
January 1, 2003.
The portion of the unused credit carryovers relating to that recycling
equipment is lost if either of the following apply:
•	 If the recycling equipment ceases to be recycling equipment; or
•	 Is transferred to another person.
The portion of the total available credit carryover that may be
claimed by the individual taxpayer is limited to the smaller of the
following amounts:
•	 25% of the amount of tax entered on Arizona Form 301, Part 2,
line 41; or
•	 $5,000.
ADOR 10134 (17)

NOTE:
You must also complete Arizona Form 301,
Nonrefundable Individual Tax Credits and Recapture, and
include Forms 301 and 307 with your tax return to claim this
credit.

Line-by-Line Instructions

Complete the name and social security number (SSN) section at
the top of the form. Indicate the period covered by the taxable
year. Include the completed form with the tax return.
All returns, statements, and other documents filed with the
department require a taxpayer identification number (TIN). The
TIN for an individual is the taxpayer’s SSN or an Internal Revenue
Service (IRS) individual taxpayer identification number (ITIN).
Taxpayers that fail to include their identification number may be
subject to a penalty.

Total Available Credit Carryover

Complete the table to figure your total available credit carryover
from taxable year 2002. Complete this line if you claimed the
credit on your tax return taxable year 2002, and your credit was
more than your tax.
•	In column (b), enter the credit originally computed for that
taxable year listed in column (a).
•	 In column (c), enter the amount of the credit from that taxable
year which you have already used.
•	 Subtract the amount in column (c) from column (b) and enter
the difference in column (d).
•	In column (e), enter the amount of the carryover that is
unallowable because the recycling equipment ceased to be
recycling equipment or the credit was transferred to another
person.
•	 Subtract the amount in column (e) from the amount in column
(d) and enter the difference in column (f).
Enter the amount in column (f) on Arizona Form 301, Part 1, line
4, columns (b) and (c).