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Arizona Credit for Qualified Facilities
Form 349 is obsolete, and is no longer supported by the Arizona Department of Revenue.
Extracted from PDF file 2019-arizona-form-349.pdf, last modified August 2013Credit for Qualified Facilities
Arizona Form 2019 Credit for Qualified Facilities 349 Include this completed form and the Certification of Qualification from the Arizona Commerce Authority 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 Part 1 Listing of Post-Approved Qualified Facilities and Apportioned Credit Amount List qualified facilities for which you are entitled to claim a credit during this taxable year. If you have more than two facilities, include additional schedules. See instructions. (a) Arizona Commerce Authority Post-Approval Information (b) Apportioned Credit Amount (a)1 Allocation Year (a)2 Post-Approval Date (a)3 Post-Approval Number 1 YYYY MM D D Y Y Y Y 00 2 YYYY MM D D Y Y Y Y 00 3 Enter the total from all additional schedules............................................ 4 Enter the total amount of this credit passed through from partnerships on Form 349-P, Part 1, line 3c................................................................. 5 Enter the total amount of this credit passed through from S corporations on Form 349-S, Part 1, line 3c................................................................ 6 Subtotal: Add lines 1 through 5, column (b). Enter the total. This is your total apportioned credit amount............................................................... 3 00 4 00 5 00 6 00 Part 2 Full-Time Employment Positions Vacant More Than 150 Days List the number of full-time employment positions which were vacant for more than 150 days since the credit was approved. If positions were vacant at more than two facilities, include additional schedules. See instructions. (a) Allocation Year (b) Post-Approval Number (c) Number of Employees (d) Reduction (e) Total 7 YYYY $4,000.00 00 8 YYYY $4,000.00 00 9 Total from all additional schedules..................................................................................................... 10 Subtotal: Add lines 7 through 9, column (e). Enter the total. This is the amount of your credit reduction............................................................................................................................................. 9 00 10 00 11 00 Part 3 Net Credit 11 Subtract the amount on line 10 from the amount on line 6. Enter the difference. If less than zero, enter “0”..................................................................................................................................... Part 4 Credit Recapture 12 Date on which the certification of the business as a qualified facility was terminated or revoked...... 12 13 Total recapture of apportioned credit for qualified facilities: Enter the total amount(s) of the credit(s) previously claimed for the facility(ies) whose certification was terminated or revoked. If more than one certification has been terminated or revoked, enter the total amount..................... 13 14 Enter the partner’s portion of this credit to be recaptured from Form 349-P, Part 2, line 7................ 15 Enter the S corporation shareholder’s portion of this credit to be recaptured from Form 349-S, Part 2, line 7....................................................................................................................................... 14 16 16 Add lines 13 through 15. Enter the total. This is your total recapture amount.................................. 15 MM D D Y Y Y Y 00 00 00 00 Continued on page 2 ADOR 11192 (19) Name (as shown on page 1) EIN Part 5 S Corporation Credit Election 17 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): 17a Claim the credit for qualified facilities as shown in Part 3, line 11 (for the taxable year indicated above); OR 17b Pass the credit for qualified facilities as shown in Part 3, 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 349-S for each shareholder. • Provide a completed copy of Form 349-S to each shareholder. • Include a copy of each completed Form 349-S with your tax return. • Keep a copy of each completed Form 349-S for your records. Part 6 Partnerships Partnerships passing the credit through to its partners, complete Form 349-P for each partner. • Provide a completed copy of Form 349-P to each partner. • Include a copy of each completed Form 349-P with your tax return. • Keep a copy of each completed Form 349-P for your records. Part 7 Credit Recapture Summary 18 Enter the taxable year(s) in which you took a credit for a business as a qualified facility whose certification has been terminated or revoked: 19 Total amount of credit recaptured: • Individuals, C Corporations, S corporations, and exempt organizations with UBTI: Enter the amount from Part 4, line 16. • Individuals: Also, enter this amount on Form 301, Part 2, line 33. • C Corporations, S corporations that claimed this credit at the corporate level, and exempt organizations with UBTI: Also, enter this amount on Form 300, Part 2, line 24.............................. 19 00 Part 8 Total Apportioned Credit Claimed This Taxable Year 20 Total apportioned credit for qualified facilities: • Individuals, C Corporations, S corporations claiming this credit at the corporate level, and exempt organizations with UBTI: Enter the amount from Part 3, line 11. • Partnerships: Enter “0”. • S corporations electing to pass this credit through to individual shareholders: Enter “0”. • Individuals: Also, enter this amount on Form 140, line 58; or Form 140NR, line 65; or Form 140PY, line 67; or Form 140X, line 43. • C Corporations: Also, enter this amount on Form 120, line 22; or Form 120A, line 14; or Form 120X, line 22(c). • Exempt organizations with UBTI: Also, enter this amount on Form 99T, line 12. • S corporations that claimed this credit at the corporate level: Also, enter this amount on Form 120S, line 18........................................................................................................................... 20 ADOR 11192 (19) AZ Form 349 (2019) Print 00 Page 2 of 2
Arizona Form 349
More about the Arizona Form 349 Corporate Income Tax Tax Credit
We last updated the Credit for Qualified Facilities 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 349 from the Department of Revenue in May 2021.
Form 349 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 349
We have a total of five past-year versions of Form 349 in the TaxFormFinder archives, including for the previous tax year. Download past year versions of this tax form as PDFs here:
2015 Form 349
Arizona Form 349
2014 Form 349
Arizona Form 349
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