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Arizona Credit for Donation of School Site
Form 331 is obsolete, and is no longer supported by the Arizona Department of Revenue.
Extracted from PDF file 2019-arizona-form-331.pdf, last modified October 2009Credit for Donation of School Site
Arizona Form 331 2019 Credit for Donation of School Site 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 The donated real property and improvements must be located in Arizona. The credit is in lieu of a deduction for the donation of the property for which the credit is claimed. See instructions. Part 1 Donated Property Information and Current Taxable Year’s Credit Calculation PROPERTY 1 1 Arizona county in which the property is located.... 1 2 Parcel number of property..................................... 2 3 Date of property conveyance................................ 3 4 Recording number of property conveyance.......... 4 5 6 Value of property based on appraisal.................... 5 Multiply the amounts on line 5 in each column by 30%. Enter the result....................................... 6 PROPERTY 2 PROPERTY 3 00 00 00 00 00 00 7 Add the amounts on line 6 in each column and enter the total.............................................................................. 7 00 8 Total from continuation sheets, if applicable........................................................................................................... 8 00 9 Enter the amount of credit passed through from partnerships on Form(s) 331-P, line 3c...................................... 9 00 10 Enter the amount of credit passed through from S corporations on Form(s) 331-S, line 3c.................................. 10 00 Add lines 7 through 10. Enter the total. This is the current taxable year’s Credit for Donation of School Site..... 11 00 11 Part 2 Partnerships A partnership claiming this credit must pass it through to its partners. • • • • • Complete Form 331-P for each partner. Provide a completed copy of Form 331-P to each partner. Include a copy of each completed Form 331-P with your tax return. Keep a copy of each completed Form 331-P for your records. Do not complete the remainder of this form. Continued on page 2 ADOR 10537 (19) Name (as shown on page 1) EIN S Corporation Election and Shareholder’s Share of Credit The S corporation has made an irrevocable election for the taxable year ending M M D D Y Y Y Y Part 3 12 to (check only one box): 12a Claim the credit for donation of school site as shown on Part 1, line 11 (for the taxable year indicated above); OR 12b Pass the credit for donation of school site as shown on Part 1, line 11 (for the taxable year indicated above) through to its shareholders. Signature Title Date If passing the credit through to the shareholders: • Complete Form 331-S to each shareholder. • Provide a copy of completed Form 331-S to each shareholder. • Include a copy of each completed Form 331-S with your tax return. • Keep a copy of each completed Form 331-S for your records. Part 4 Available Credit Carryover (a) Taxable Year (b) Original Credit Amount (c) Amount Previously Used or Expired (d) Available Carryover: Subtract column (c) from column (b). 13 00 00 00 14 00 00 00 15 00 00 00 16 00 00 00 17 00 00 00 18 00 19 Current year’s credit: • Individuals, C Corporations, S corporations claiming this credit at the corporate level, or exempt organizations with UBTI: Enter the amount from Part 1, line 11. • Individuals: Also, enter this amount on Form 301, Part 1, line 14, column (a). • C Corporations, S corporations claiming this credit at the corporate level, and exempt organizations with UBTI: Also, enter this amount on Form 300, Part 1, line 9, column (a).............................................................. 19 00 20 Available credit carryover from Part 4, line 18, column (d). • Individuals: Also, enter this amount on Form 301, Part 1, line 14, column (b). • C Corporations, S corporations claiming this credit at the corporate level, and exempt organizations with UBTI: Also, enter this amount on Form 300, Part 1, line 9, column (b).............................................................. 20 00 21 Total available credit: Add lines 19 and 20. • Individuals: Also, enter this amount on Form 301, Part 1, line 14, column (c). • C Corporations, S corporations claiming this credit at the corporate level, and exempt organizations with UBTI: Also, enter this amount on Form 300, Part 1, line 9, column (c).............................................................. 21 00 18 Total Available Carryover: Add lines 13 through 17 in column (d). Enter the total................................................ Part 5 Total Available Credit ADOR 10537 (19) AZ Form 331 (2019) Print Page 2 of 2
Arizona Form 331
More about the Arizona Form 331 Corporate Income Tax Tax Credit
We last updated the Credit for Donation of School Site 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.
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 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 331 from the Department of Revenue in May 2021.
Form 331 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 331
We have a total of six past-year versions of Form 331 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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