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Arizona Nonrefundable Individual Tax Credits and Recapture for Form 140-SBI, 140PY-SBI, 140NR-SBI or 140X-SBI
Extracted from PDF file 2023-arizona-form-301-sbi.pdf, last modified July 2021Nonrefundable Individual Tax Credits and Recapture for Form 140-SBI, 140PY-SBI, 140NR-SBI or 140X-SBI
Arizona Form 301-SBI Nonrefundable Individual Tax Credits and Recapture for Forms 140-SBI, 140PY-SBI, 140NR-SBI and 140X-SBI 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-SBI, 140PY-SBI, 140NR-SBI or 140X-SBI Your Social Security Number Spouse’s Name as shown on Form 140-SBI, 140PY-SBI, 140NR-SBI or 140X-SBI (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 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-SBI ► 2 Agricultural Water Conservation System Credit........................... Form 312 ► 3 Pollution Control Credit................................................................ Form 315 ► 4 Credit for Agricultural Pollution Control Equipment...................... Form 325 ► 5 Credit for Donation of School Site................................................ Form 331 ► 6 Credit for Employing National Guard Members............................ Form 333 ► 7 Credit for Business Contributions by an S Corporation to School Tuition Organizations - Individual................................... Form 335-I ► 8 Credit for Solar Energy Devices – Commercial and Industrial Applications................................................................... Form 336 ► 9 Credit for Investment in Qualified Small Businesses.................... Form 338 ► 10 Credit for Business Contributions by an S Corporation to School Tuition Organizations for Displaced Students or Students with Disabilities - Individual................................................................ Form 341-I ► 11 Renewable Energy Production Tax Credit.................................... Form 343 ► 12 Credit for New Employment......................................................... Form 345 ► 13 Additional Credit for Increased Research Activities for Basic Research Payments........................................................... Form 346 ► 14 Healthy Forest Production Tax Credit.......................................... Form 353 ► 15 Affordable Housing Tax Credit..................................................... Form 354 ► 16 Credit for Entity-Level Income Tax............................................... Form 355 ► 17 Reserved......................................................................................................... 18 Total available nonrefundable tax credits: Add lines 1 through 17.............................................................................. 19 ! IMPORTANT ADOR 11405 (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 Continued on page 2 You must include Form 301-SBI and the corresponding credit form(s) for which you computed your credit(s) with your Small Business Income tax return. Page 1 of 3 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. 20 Tax from Form 140-SBI, line 54; or Form 140PY-SBI, line 54; or Form 140NR-SBI, line 52; or Form 140X-SBI, line 54................................................................................................................................................... 54.......................................................................................................... 20 21 Tax from Recapture of Motion Picture Production Cost Credit from Form 334, line 15........... 21 00 22 Tax from Recapture of Credit for Qualified Facilities from Form 349, line 19........................... 22 00 23 Tax from Recapture of Credit for Affordable Housing from Form 354, line 12......................... 23 00 24 Recapture Total: Add lines 21, 22 and 23. Enter here and on Form 140-SBI, line 55; or Form 140PY-SBI, line 55; or Form 140NR-SBI, line 53; or Form 140X-SBI, line 55. 55....................................................................................................... 24 25 Total: Add lines 20 and 24................................................................................................................................................ 25 Nonrefundable Tax Credits Used This Taxable Year: Enter amounts actually used from Part 1. 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 Credit for Increased Research Activities – Individuals...................................... Form 308-I ► Credit for Taxes Paid to Another State or Country.........................................Form 309-SBI ► Agricultural Water Conservation System Credit...................................................Form 312 ► Pollution Control Credit........................................................................................Form 315 ► Credit for Agricultural Pollution Control Equipment............................................. Form 325 ► Credit for Donation of School Site........................................................................Form 331 ► Credit for Employing National Guard Members....................................................Form 333 ► Credit for Business Contribution by an S Corporation to School Tuition Organizations - Individual.......................................................... Form 335-I ► Credit for Solar Energy Devices – Commercial and Industrial Applications.........Form 336 ► Credit for Investment in Qualified Small Businesses............................................Form 338 ► Credit for Business Contributions by an S Corporation to School Tuition Organizations for Displaced Students or Students with Disabilities - Individual... Form 341-I ► Renewable Energy Production Tax Credit............................................................Form 343 ► Credit for New Employment.................................................................................Form 345 ► Additional Credit for Increased Research Activities for Basic Research Payments...Form 346 ► Healthy Forest Production Tax Credit..................................................................Form 353 ► Affordable Housing Tax Credit.............................................................................Form 354 ► Credit for Entity-Level Income Tax.......................................................................Form 355 ► Reserved................................................................................................................................ 26 27 28 29 30 31 32 00 00 00 00 00 00 00 33 34 35 00 00 00 36 37 38 39 40 41 42 43 00 00 00 00 00 00 00 44 Total Tax Credits Used: Add lines 26 through 42. Enter this amount on Form 140-SBI, line 57; or Form 140PY-SBI line 57; or Form 140NR-SBI, line 55 or Form 140X-SBI, line 57. Total credits used cannot be more than line 25.... 44 00 00 00 00 Continued on page 3 Print Form ADOR 11405 (23) AZ Form 301-SBI (2023) Page 2 of 3 Your Name (as shown on page 1) Your Social Security Number Part 3 Amount of tax credits from Form 301-SBI available to use on Form 301. Only complete this section if the both of the following are true: • The total available credits on Form 301-SBI, Part 1, line 19, exceeds the total tax credits used from Form 301-SBI, Part 2, line 44. • The balance of tax on Form 140, 140PY, 140NR or 140X after applying the non-refundable credits from Form 301 is greater than“0”. 45 Enter the tax amount from Form 301, line 34............................. 45 00 46 Enter the total credits used from Form 301, line 60................... 46 00 47 Subtract line 46 from line 45. Enter the difference.................... 47 00 If line 47 is zero or less, STOP! Do not complete the following table. If the amount on line 47 is greater than zero, complete the table below to determine the amount of credit to enter on Form 301, line 61. Column (a) Column (b) Available credit from Part 1, Amount in column (a) column (c) minus credit used transferred to in Part 2. Enter the difference. Form 301, line 61. 00 00 00 00 00 00 00 00 00 00 00 00 00 00 00 00 00 00 00 00 59 Renewable Energy Production Tax Credit............................................................Form 343 ► 59 00 00 00 00 60 Credit for New Employment.................................................................................Form 345 ► 60 00 00 61 Additional Credit for Increased Research Activities for Basic Research Payments.. Form 346 ► 61 00 00 62 Healthy Forest Production Tax Credit................................................................. Form 353 ► 62 00 00 63 Affordable Housing Tax Credit.............................................................................Form 354 ► 63 00 00 00 00 48 49 50 51 52 53 54 Credit for Increased Research Activities – Individuals...................................... Form 308-I ► Credit for Taxes Paid to Another State or Country.........................................Form 309-SBI ► Agricultural Water Conservation System Credit...................................................Form 312 ► Pollution Control Credit........................................................................................Form 315 ► Credit for Agricultural Pollution Control Equipment..............................................Form 325 ► Credit for Donation of School Site........................................................................Form 331 ► Credit for Employing National Guard Members....................................................Form 333 ► 48 49 50 51 52 53 54 55 Credit for Business Contribution by an S Corporation to School Tuition Organizations - Individual.......................................................... Form 335-I ► 55 56 Credit for Solar Energy Devices – Commercial and Industrial Applications.........Form 336 ► 56 57 Credit for Investment in Qualified Small Businesses............................................Form 338 ► 57 58 Credit for Business Contributions by an S Corporation to School Tuition Organizations for Displaced Students with Disabilities - Individual.................. Form 341-I ► 58 64 Credit for Entity-Level Income Tax.......................................................................Form 355 ► 64 65 Reserved................................................................................................................................ 65 66 Total Credits transferred to Form 301, line 61. Add lines 48 through 64, column (b), and enter the amount. Amount cannot be greater than line 47........................................ 66 00 Print Form ADOR 11405 (23) AZ Form 301-SBI (2023) Page 3 of 3
Arizona Form 301
More about the Arizona Form 301-SBI Individual Income Tax TY 2023
We last updated the Nonrefundable Individual Tax Credits and Recapture for Form 140-SBI, 140PY-SBI, 140NR-SBI or 140X-SBI in February 2024, so this is the latest version of Form 301-SBI, fully updated for tax year 2023. You can download or print current or past-year PDFs of Form 301-SBI 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 301-SBI from the Department of Revenue in February 2024.
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-SBI
We have a total of three past-year versions of Form 301-SBI in the TaxFormFinder archives, including for the previous tax year. Download past year versions of this tax form as PDFs here:
2023 Form 301-SBI
Arizona Form 301
2022 Form 301-SBI
Arizona Form 301
2021 Form 301-SBI
Arizona Form 301
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