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Arizona Nonrefundable Individual Tax Credits and Recapture
Extracted from PDF file 2023-arizona-form-301.pdf, last modified September 2020Nonrefundable Individual Tax Credits and Recapture
Arizona Form 301 Nonrefundable Individual Tax Credits and Recapture for Forms 140, 140PY, 140NR and 140X 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 . Your Name as shown on Form 140, 140PY, 140NR or 140X Your Social Security Number Spouse’s Name as shown on Form 140, 140PY, 140NR or 140X (if a joint return) Part 1 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 Spouse’s Social Security Number Nonrefundable Individual Tax Credits Available: Enter total available tax credits. (a) Current Year Credit (b) Available Carryover Credit for Increased Research Activities – Individuals............... Form 308-I ► 1 Credit for Taxes Paid to Another State or Country........................ Form 309 ► 2 Credit for Solar Energy Devices................................................... Form 310 ► 3 Agricultural Water Conservation System Credit........................... Form 312 ► 4 Pollution Control Credit................................................................ Form 315 ► 5 Credit for Contributions to Qualifying Charitable Organizations... Form 321 ► 6 Credit for Contributions Made or Fees Paid to Public Schools.... Form 322 ► 7 Credit for Contributions to Private School Tuition Organizations. Form 323 ► 8 Credit for Agricultural Pollution Control Equipment...................... Form 325 ► 9 Credit for Donation of School Site................................................ Form 331 ► 10 Credit for Employing National Guard Members............................ Form 333 ► 11 Credit for Business Contributions by an S Corporation to School Tuition Organizations - Individual................................... Form 335-I ► 12 Credit for Solar Energy Devices – Commercial and Industrial Applications................................................................... Form 336 ► 13 Credit for Investment in Qualified Small Businesses.................... Form 338 ► 14 Credit for Donations to the Military Family Relief Fund................ Form 340 ► 15 Credit for Business Contributions by an S Corporation to School Tuition Organizations for Displaced Students or Students with Disabilities - Individual................................................................ Form 341-I ► 16 Renewable Energy Production Tax Credit.................................... Form 343 ► 17 Credit for New Employment......................................................... Form 345 ► 18 Additional Credit for Increased Research Activities for Basic Research Payments........................................................... Form 346 ► 19 Credit for Contributions to Certified School Tuition Organizations (for contributions that exceed the allowable credit on Arizona Form 323).. Form 348 ► 20 Credit for Contributions to Qualifying Foster Care Charitable Organizations............................................................................... Form 352 ► 21 Healthy Forest Production Tax Credit.......................................... Form 353 ► 22 Affordable Housing Tax Credit..................................................... Form 354 ► 23 Credit for Entity-Level Income Tax............................................... Form 355 ► 24 Reserved......................................................................................................... 25 Total available nonrefundable tax credits: Add lines 1 through 24.............................................................................. 26 ! IMPORTANT ADOR 10127 (23) (c) Total Available Credit (a) + (b) 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 Continued on page 2 You must include Form 301 and the corresponding credit form(s) for which you computed your credit(s) with your individual income tax return. Your Name (as shown on page 1) Part 2 Your Social Security Number Application of Tax Credits and Recapture: Enter tax, recapture tax, and tax credits used this taxable year. 27 Tax from Form 140, line 46; or Form 140PY, line 56; or Form 140NR, line 56; or Form 140X, line 37. 37.......................................................................................................................................................... 27 28 Tax from Recapture of Credit for Motion Picture Production Costs from Form 334. line 15.. 28 00 29 Tax from Recapture of Credit for Qualified Facilities from Form 349, line 19......................... 29 00 30 Tax from Recapture of Credit for Affordable Housing from Form 354, line 12........................ 30 00 31 Recapture Total: Add lines 28, 29 and 30. Enter here and on Form 140, line 47; or Form 140PY, line 57; or Form 140NR, line 57; or Form 140X, line 38. 38........................ .................................................................................................................. 31 32 Subtotal: Add lines 27 and 31........................................................................................................................................ 32 33 Family Income Tax Credit from Form 140, line 50; or Form 140PY, line 60; or Form 140X, box 40a; plus Dependent Tax Credit from Form 140, line 49; or Form 140PY, line 59; or Form 140NR, line 59; or Form 140X, box 40b............. 40b. 33 34 Subtract line 33 from line 32. 32. Enter the difference. If less than zero, enter “0”............................................................ 34 Nonrefundable Tax Credits Used This Taxable Year: Enter amounts actually used from Part 1. 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 55 56 57 58 59 60 61 62 Credit for Increased Research Activities – Individuals...................................... Form 308-I ► 35 Credit for Taxes Paid to Another State or Country................................................Form 309 ► 36 Credit for Solar Energy Devices...........................................................................Form 310 ► 37 Agricultural Water Conservation System Credit...................................................Form 312 ► 38 Pollution Control Credit........................................................................................Form 315 ► 39 Credit for Contributions to Qualifying Charitable Organizations...........................Form 321 ► 40 Credit for Contributions Made or Fees Paid to Public Schools............................Form 322 ► 41 Credit for Contributions to Private School Tuition Organizations.........................Form 323 ► 42 Credit for Agricultural Pollution Control Equipment..............................................Form 325 ► 43 Credit for Donation of School Site........................................................................Form 331 ► 44 Credit for Employing National Guard Members....................................................Form 333 ► 45 Credit for Business Contribution by an S Corporation to School Tuition Organizations - Individual.......................................................... Form 335-I ► 46 Credit for Solar Energy Devices – Commercial and Industrial Applications.........Form 336 ► 47 Credit for Investment in Qualified Small Businesses............................................Form 338 ► 48 Credit for Donations to the Military Family Relief Fund: Enter the smaller of Form 301, Part 1, line 15 or Part 2, line 32..........................................................Form 340 ► 49 Credit for Business Contributions by an S Corporation to School Tuition Organizations for Displaced Students or Students with Disabilities - Individual... Form 341-I ► 50 Renewable Energy Production Tax Credit............................................................Form 343 ► 51 Credit for New Employment.................................................................................Form 345 ► 52 Additional Credit for Increased Research Activities for Basic Research Payments...Form 346 ► 53 Credit for Contributions to Certified School Tuition Organizations (for contributions that exceed the maximum allowable credit on Arizona Form 323)...Form 348 ► 54 Credit for Contributions to Qualifying Foster Care Charitable Organizations.......Form 352 ► 55 Healthy Forest Production Tax Credit..................................................................Form 353 ► 56 Affordable Housing Tax Credit.............................................................................Form 354 ► 57 Credit for Entity-Level Income Tax.......................................................................Form 355 ► 58 Reserved............................................................................................................................... 59 Tax credits used from Form 301: Add lines 35 through 58 ........................................................................................ Tax credits used from Form 301-SBI, line 66.............................................................................................................. Total Tax Credits Used: Add line 60 and 61. Enter this amount on Form 140, line 51; or Form 14PY, line 61; or Form 140NR, line 60; or Form 140X, line 41. Total credits used cannot be more than line 34................................ ADOR 10127 (23) AZ Form 301 (2023) Print Form 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 60 61 00 00 62 00 Page 2 of 2
Arizona Form 301
More about the Arizona Form 301 Individual Income Tax Tax Credit TY 2023
Summarization of taxpayer's application of nonrefundable tax credits and credit recapture amounts for the taxable year.
We last updated the Nonrefundable Individual Tax Credits and Recapture in January 2024, so this is the latest version of Form 301, fully updated for tax year 2023. You can download or print current or past-year PDFs of Form 301 directly from TaxFormFinder. You can print other Arizona tax forms here.
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TaxFormFinder has an additional 95 Arizona income tax forms that you may need, plus all federal income tax forms. These related forms may also be needed with the Arizona Form 301.
| Form Code | Form Name |
|---|---|
| Form 301-SBI | Nonrefundable Individual Tax Credits and Recapture for Form 140-SBI, 140PY-SBI, 140NR-SBI or 140X-SBI |
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 301 from the Department of Revenue in January 2024.
Form 301 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 301
We have a total of eleven past-year versions of Form 301 in the TaxFormFinder archives, including for the previous tax year. Download past year versions of this tax form as PDFs here:
2014 Form 301
Arizona Form 301
2012 Form 301
Arizona Form 301
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