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Arizona Credit for Increased Research Activities - Individuals
Extracted from PDF file 2023-arizona-form-308-i.pdf, last modified July 2003Credit for Increased Research Activities - Individuals
Arizona Form 308-I Credit for Increased Research Activities – Individuals 2023 Include with your return. For the calendar year 2023 or fiscal year beginning M M D D 2 0 2 3 and ending M M D D Y Y Y Y . Name as shown on Form 140, 140PY, 140NR, 140X, 140-SBI, 140PY-SBI, 140NR-SBI, or 140X-SBI Social Security Number Individuals must complete this form to claim the credit for increased research activities. Do not complete Form 308. Complete this form if the taxpayer has: (a) a current taxable year’s credit from the taxpayer’s sole proprietorship; OR (b) a current taxable year’s credit passed through from an S Corporation or a partnership; OR (c) a carryover of unused credit from taxable year(s) 2008 and after. If the taxpayer is electing the Alternative Simplified Credit (ASC) for this year, check the box. ASC Part 1 1 2 3 4 5 6 7 Are you claiming a pass through of this credit from a partnership or S Corporation?................... 00 2a2 Yes No (If you are claiming a pass through of this credit from more than one partnership and/or S Corporation, include copies of all Form(s) 308-P and/or Form(s) 308-S you received.) Is this pass through credit refundable?......................................................................................... Yes No If you answered “Yes” to the question on line 1, go to Part 2. If you answered “No” to the question on line 1 and “Yes” to the question on line 3, go to Part 3. If you answered “No” to the question on line 1 and “No” to the question on line 3, complete this form ONLY if you have credit carryovers. Go to Part 8. Otherwise, STOP! YOU ARE NOT ELIGIBLE TO CLAIM THIS CREDIT. Part 2 8 Qualification for the Credit Did your sole proprietorship have qualified research expenses for the tax year indicated above? Yes No a If “Yes” and you are claiming the Arizona Credit for Increased Research Activities, go to line 2. b If “No”, go to line 3. Is this credit refundable?............................................................................................................... Yes No a If “Yes”: 1 Include a copy of the certification you received from the Arizona Commerce Authority (ACA). 2 Enter the maximum refund amount authorized by the ACA here and on line 37a............................................ b If “No”, go to line 3. Current Taxable Year’s Regular Credit Calculation (Sole Proprietorships Only) (Complete lines 8 through 23a if electing to claim the regular credit or are revoking the prior year Alternative Simplified Credit election. To elect the Alternative Simplified Credit, skip to page 6, Part 12, line 71.) 9 10 11 12 13 Wages for qualified services (do not include wages used in figuring the federal work opportunity credit)......................................................................................................... Cost of supplies............................................................................................................ Rental or lease cost of computers................................................................................ Contract research expenses: See instructions............................................................... Total research expenses: Add lines 8 through 11. Enter the total............................... Average annual Arizona gross receipts: See instructions............................................... 14 15 Fixed-base percentage [not more than 16% (.1600)]: See instructions......................... 14 • Base amount: Multiply line 13 by the percentage on line 14. Enter the result............................................................ 15 16 17 18 Subtract line 15 from line 12. Enter the difference. If less than zero, enter “0”.......................................................... Multiply line 12 by 50% (.50). Enter the result............................................................................................................. Enter the lesser of line 16 or line 17............................................................................................................................. 16 17 18 00 00 00 00 19 00 22 23a 23b 00 00 00 8 9 10 11 12 13 00 00 00 00 00 00 • If line 18 is $2,500,000 or less, complete line 19 and skip lines 20 through 22. • If line 18 is more than $2,500,000, skip line 19 and complete lines 20 through 22. 19 20 21 22 23a 23b Multiply line 18 by 24% (.24). Enter the result............................................................................................................. Subtract $2,500,000 from line 18. Enter the difference............................................... 20 00 Multiply line 20 by 15% (.15). Enter the result............................................................. 21 00 Add $600,000 to line 21. Enter the total...................................................................................................................... If the taxpayer is electing the regular credit, enter the amount from line 19 or line 22 here......................................... If the taxpayer is electing the Alternative Simplified Credit, enter the amount from page 6, Part 12, line 84............... Continued on page 2 ADOR 10570 (23) Name (as shown on page 1) Part 3 24 25 Current Taxable Year’s Credit Passed Through From S Corporations and Partnerships Enter the total amount of this credit passed through from partnerships on Form 308-P, Part 2, line 4........................ Enter the total amount of this credit passed through from S Corporations on Form 308-S, Part 2 line 4.................... Part 4 26 SSN 00 00 26 00 Total Current Taxable Year’s Credit for Increased Research Activities Total Current Year Credit: If the taxpayer is electing to claim the regular credit, add line 23a and lines 24 and 25. Enter the total. If the taxpayer is electing to claim the Alternative Simplified Credit, add line 23b and lines 24 and 25. Enter the total. This is your current year’s total credit for increased research activities............................................................. Part 5 24 25 Refundable Portion of the Current Taxable Year’s Excess Credit for Individuals that made the SBI election Complete Part 5 only if you checked “Yes” in Part 1, line 2, or Part 1, line 4 and made the SBI election. NOTE: Individuals that made the SBI election, you must complete Arizona Form 301-SBI and Arizona Form 301 before completing Part 5. 27 00 28c 00 28d 00 29 00 30c Subtract line 30b from line 30a. Enter the difference. If the difference is less than or equal to zero, enter “0”.......... 30c 00 30d Current taxable year’s SBI credit for increased research activities that will be used to offset the current taxable year’s Individual Income tax liability: Enter the lesser of line 29 or line 30c. Also enter this amount on Form 301-SBI, Part 3, line 48, column (b).................................................................................................................... 30d 00 27 Total current taxable year’s credit: Enter the amount from Part 4, line 26.............................................................. 28a Subtotal of SBI tax: Enter the amount from Form 140-SBI, line 54; or Form 140PY-SBI, line 58; or Form 140NR-SBI, line 54; or Form 140X-SBI, line 56.... 28a 00 28b Nonrefundable SBI tax credits: Enter the amount of nonrefundable tax credits from Form 301-SBI, Part 1, line 19 less the amount (if any) on Form 301-SBI, Part 1, line 1, column (c).............................................................................................. 28b 00 28c Excess SBI tax over SBI nonrefundable tax credits: Subtract line 28b from line 28a and enter the difference. If the difference is less than zero, enter “0”.................................................................................................................. 28d Current taxable year’s SBI credit for increased research activities that will be used to offset the current taxable year’s SBI tax liability. Enter the lesser of line 27 or line 28c. Also enter this amount on Form 301-SBI, Part 1, line 1, column (a) and on Form 301-SBI, Part 2, line 26................................................................................... 29 Current taxable year’s excess SBI credit: Subtract line 28d from line 27 and enter the difference. If zero, enter “0”; also enter “0” on lines 31 and 32. Skip to Part 10. No refund is available.......................................................... 30a Enter the amount from Form 301-SBI, Part 2, line 44................................................. 30a 00 30b Subtract line 28a from line 28b. Enter the difference. If the difference is less than or equal to zero, enter “0”................................................................................................. 30b 00 31 Current taxable year’s total excess credit: Subtract line 30d from line 29 and enter the difference. If zero, enter “0”. No refund is available. .......................................................................................................................................... 31 00 32 Tentative refundable credit: Multiply line 31 by 75% (.75). Enter the result and skip to Part 7............................... 32 00 Continued on page 3 ADOR 10570 (23) AZ Form 308-I (2023) Page 2 of 6 Name (as shown on page 1) Part 6 SSN Refundable Portion of the Current Taxable Year’s Excess Credit for Individuals that did not make the SBI election Complete Part 6 only if you checked “Yes” in Part 1, line 2, or Part 1, line 4 and did not make the SBI election. NOTE: Individuals that did not make the SBI election, you must complete Arizona Form 301 before completing Part 6. 33 Total current taxable year’s credit: Enter the amount from Part 4, line 26.............................................................. 33 34a Subtotal of tax: Enter the amount from Form 140, line 48; or Form 140PY, line 58; or Form 140NR, line 58; or Form 140X, line 39........................................................... 34a 00 34b Nonrefundable tax credits: Enter the amount of nonrefundable tax credits from Form 301, Part 1, line 26 less the amount (if any) on Form 301, Part 1, line 1, column (c).......................................................................................................... 34b 00 34c Excess tax over nonrefundable credits. Subtract line 34b from line 34a and enter the difference. If the difference is zero, enter “0”........................................................................................................................................... 34c 34d Current taxable year’s credit for increased research activities that will be used to offset the current taxable year’s tax liability. Enter the lesser of line 33 or line 34c. Also enter this amount on Form 301, Part 1, line 1, column (a) and on Form 301, Part 2, line 35................................................................................................................ 34d 00 00 00 35 Current taxable year’s excess credit: Subtract line 34d from line 33 and enter the difference. If zero, enter “0”. No refund is available................................................................................................................................................... 35 00 36 Tentative refundable credit: Multiply line 35 by 75% (.75). Enter the result............................................................ 36 00 37d 00 38 00 Part 7 Calculation of Maximum Refundable Credit Maximum refundable credit: See instructions. 37a Enter the maximum refundable credit amount authorized by the ACA from Part 1, line 2a2 for the credit you earned................................................................................ 37a 00 37b Enter the partner’s maximum refundable credit amount from Form 308-P, Part 3, line 6............................................................................................................................ 37b 00 37c Enter the shareholder’s maximum refundable credit from Form 308-S, Part 3, line 6............................................................................................................................ 37c 00 37d Add the amounts on lines 37a through 37c. Enter the total here............................................................................... 38 Refundable Credit: • Individuals that made the Small Business Income election: Enter the lesser of line 32 or line 37d. Complete Part 8 if you have credit carryovers generated before January 1, 2022. Enter this amount on Form 140-SBI, line 61, or Form 140NR-SBI, line 59, or Form 140PY-SBI, line 61, or Form 140X-SBI, line 61. • Individuals that did not make the Small Business Income election: Enter the lesser of line 36 or line 37d. Complete Part 8 if you have credit carryovers generated before January 1, 2022. Enter this amount on Form 140, line 58; or Form 140NR, line 65; or Form 140PY, line 67; or Form 140X, line 45............................................. Continued on page 4 ADOR 10570 (23) AZ Form 308-I (2023) Page 3 of 6 Name (as shown on page 1) SSN Complete Part 8 and Part 9 if you have carryovers from prior years. If you elect to receive a refund of 75% of the excess credit, you cannot carry forward any amount from the year of the refund. Part 8 Available Credit Carryover Generated Before 01/01/2022 (a) Taxable Year (b) Original Credit Amount (c) Amount Previously Used or Expired (d) Available Carryover: Subtract column (c) from column (b). 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 00 00 00 00 00 00 00 00 00 00 00 00 00 00 00 00 00 00 00 00 00 00 00 00 00 00 00 00 00 00 00 00 00 00 00 00 00 00 00 00 00 00 Total Available Carryover: Add lines 40 through 53 in column (d). Enter the total................................... 54 Part 9 Available Credit Carryover Generated After 12/31/2021 (a) Taxable Year (b) Original Credit Amount (c) Amount Previously Used or Expired 00 (d) Available Carryover: Subtract column (c) from column (b). 55 56 57 58 59 60 61 62 63 64 65 2022 00 00 Total Available Carryover: Enter the amount on line 55, column (d). Enter the total............................... 65 00 00 Continued on page 5 ADOR 10570 (23) AZ Form 308-I (2023) Page 4 of 6 Name (as shown on page 1) SSN Part 10 Total Credit Carryover If you completed Part 5 or Part 6 and are receiving a refund or if you have no carryovers of this credit, do not complete Part 10. Complete Part 10 to figure the amount of credit carryover(s) available to offset your tax liability this year. 66a Enter the carryover generated before 01/01/2022 from Part 8, line 54, column (d).................................................... 66a 00 66b Enter the carryover generated after 12/31/2021 from Part 9, line 65, column (d)....................................................... 66b 00 67 00 67 Add lines 66a and 66b. Enter the total. This is the total credit carryover available...................................................... Part 11 Total Available Nonrefundable Credit Current year’s credit: • Individuals that made the Small Business Income election: If you completed Part 5 and are receiving a refund, enter the sum of the amounts from Part 5, lines 28d and 30d. Also enter this amount on From 301-SBI, Part 1, line 1, column (a). Otherwise, enter the amount from Part 4, line 26. • Individuals that did not make the Small Business Income election: If you completed Part 6 and are receiving a refund, enter the amount from Part 6, line 34d. Also enter this amount on Form 301, Part 1, line 1, column (a). Otherwise, enter the amount from Part 4, line 26..................................................................................................... 68 00 69 If you completed Part 5 or Part 6 and are receiving a refund, enter “0”. Otherwise, enter the carryover from Part 10, line 67. • Individuals that made the Small Business Income election: Also enter this amount on Form 301-SBI, Part 1, line 1, column (b). • Individuals that did not make the Small Business Income election: Also enter this amount on Form 301, Part 1, line 1, column (b)........................................................................................................................................... 69 00 70 Total available credit: Add lines 68 and 69. Enter the total. • Individuals that made the Small Business Income election: Also enter this amount on Form 301-SBI, Part 1, line 1, column (c). • Individuals that did not make the Small Business Income election: Also enter this amount on Form 301, Part 1, line 1, column (c)........................................................................................................................................... 70 00 68 ADOR 10570 (23) AZ Form 308-I (2023) Page 5 of 6 Name (as shown on page 1) SSN ALTERNATIVE SIMPLIFIED CREDIT WORKSHEET Part 12 71 Current Taxable Year’s Alternative Simplified Credit Calculation (Sole Proprietorships Only) Complete lines 81 through 84 if electing the Alternative Simplified Credit. To elect the regular credit, complete Part 2, lines 8 through 23a.) Basic research payments paid or incurred to qualified organizations: See instructions.. 00 71 72 73 Qualified organization base period amount.................................................................. 72 00 Subtract line 72 from line 71. Enter the difference. If less than zero, enter “0”............................................................ 73 74 75 Multiply line 73 by 20% (.20) Enter the result. ............................................................................................................ 74 Wages for qualified services (do not include wages used in figuring the federal work opportunity credit)......................................................................................................... 75 00 Cost of supplies............................................................................................................ 76 00 Cost to rent or lease computers................................................................................... 77 00 Contract research expenses: See instructions............................................................... 78 00 Total research expenses: Add lines 75 through 78. Enter the total............................. 79 00 76 77 78 79 00 00 80 Enter your total qualified research expenses for the prior 3 years. If you had no qualified research in any of those 3 years, skip lines 81 and 82. ................................ 80 81 Divide line 80 by 6.0 Enter the result........................................................................... 81 82 83 Subtract line 81 from line 79. Enter the difference. If less than zero, enter “0”............ 82 00 Multiply line 82 by 14% (.14). If you skipped lines 81 and 82, multiply line 79 by 6% (.06). Enter the result.............. 83 00 84 Add lines 74 and 83. Enter the total. Also, enter this amount on Part 2, line 23b and complete the remainder of Form 308-I............................................................................................................................................... 00 00 00 84 Print ADOR 10570 (23) AZ Form 308-I (2023) Page 6 of 6
Arizona Form 308-I
More about the Arizona Form 308-I Individual Income Tax Tax Credit TY 2023
We last updated the Credit for Increased Research Activities - Individuals in February 2024, so this is the latest version of Form 308-I, fully updated for tax year 2023. You can download or print current or past-year PDFs of Form 308-I directly from TaxFormFinder. You can print other Arizona tax forms here.
Other Arizona Individual 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 |
|---|---|
| Form 140 | Resident Personal Income Tax Return |
| Form 140 Instructions | Income Tax Instruction Packet |
| Form 140A | Resident Personal Income Tax (Short) Package |
| Form 204 | Application for Filing Extension |
| Form 321 | Credit for Contributions to Qualifying Charitable Organizations |
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 308-I from the Department of Revenue in February 2024.
Form 308-I 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 308-I
We have a total of ten past-year versions of Form 308-I in the TaxFormFinder archives, including for the previous tax year. Download past year versions of this tax form as PDFs here:
2023 Form 308-I
Arizona Form 308-I
2022 Form 308-I
Arizona Form 308-I
2021 Form 308-I
Arizona Form 308-I
2020 Form 308-I
Arizona Form 308-I
2019 Form 308-I
Arizona Form 308-I
2017 Form 308-I
Arizona Form 308-I
2016 Form 308-I
Arizona Form 308-I
2015 Form 308-I
Arizona Form 308-I
2014 Form 308-I
Arizona Form 308-I
2012 Form 308-I
Arizona Form 308-I
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