Arizona Credit for Water Conservation Plumbing Stub-outs

Credit for Water Conservation Plumbing Stub-outs
Arizona Form 337
Arizona Form

337

Credit for Water Conservation System
Plumbing Stub Outs

2016

Include with your return.
For the calendar year 2016 or fiscal year beginning M M D D 2 0 1 6 and ending M M D D 2 0 Y Y .
Name as shown on Form 120, 120A, 120S, or 120X	

Available Credit Carryover

(a)
Taxable Year

Employer Identification Number

(b)
Original Credit Amount

(c)
Amount Previously Used

(d)
Available Carryover:
Subtract column (c) from
column (b).

1
2

00

Total Available Carryover: Enter the amount on line 1, column (d) here and on Form 300, Part 1,
line 16, column (b)..............................................................................................................................

00

00

2

00

Instructions
Specific Instructions

Obtain additional information or assistance by calling one of
the numbers listed below:

Complete the name and employer identification number section
at the top of the form. Indicate the period covered by the taxable
year. Include the completed form with the tax return.

Phoenix...........................................................	 (602) 255-3381
From area codes 520 and 928, toll-free..........	 (800) 352-4090

All returns, statements, and other documents filed with the
department require a taxpayer identification number (TIN).
The TIN for a corporation or an S corporation is the taxpayer’s
employer identification number. A taxpayer that fails to include
its TIN may be subject to a penalty.

Obtain tax rulings, tax procedures, tax forms and instructions,
and other tax information by accessing the department’s web
site at www.azdor.gov.

General Instructions

Available Credit Carryover

Arizona Revised Statutes § 43‑1182 previously provided a
nonrefundable corporate income tax credit for the installation of
a water conservation system plumbing stub out in each house
or dwelling unit constructed by the taxpayer. The houses or
dwelling units must be located in Arizona.

Complete Form 337 only if the allowable credit for prior taxable
years exceeded the Arizona income tax liability for those taxable
years.
Each corporate partner must complete Form 337 for the
computation of the available carryover of the credit passed
through by the partnership.

The tax credit applied to taxable years beginning from and after
December 31, 2006 and ending before January 1, 2012.

Lines 1 and 2

NOTE: Calendar year 2011 was the last year to establish a
credit for water conservation system plumbing stub outs.
Taxpayers with a fiscal year ending in 2012 did not qualify
to establish a credit for 2011. Carryovers will be allowed
for not more than five consecutive taxable years.

Enter the taxable year from which you are carrying over the
credit in column (a) on line 1. In column (b), enter the credit
originally computed for that taxable year. 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 the
amount in column (b) and enter the difference column (d). Also
enter this amount on line 2, column (d). This is the total credit
carryover available for the current taxable year.

If the allowable tax credit exceeded the taxes otherwise due,
or if there are no taxes due, the amount of the credit not used
to offset taxes may be carried forward for not more than five
consecutive taxable years as a credit against subsequent years’
income tax liability.

Enter the amount from line 2, column (d) on Form 300, Part 1,
line 16, column (b). This is the total available credit which may
be applied to the current taxable year’s corporate income tax
liability.

Taxable year 2016 is the last year a taxpayer can apply a
carryover of this credit.

ADOR 10370 (16)

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