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Arizona Credit for Taxes Paid for Coal Consumed in Generating Electrical Power
Form 318 is obsolete, and is no longer supported by the Arizona Department of Revenue.
Extracted from PDF file 2019-arizona-form-318.pdf, last modified September 2015Credit for Taxes Paid for Coal Consumed in Generating Electrical Power
Arizona Form 318 Credit for Taxes Paid for Coal Consumed in Generating Electrical Power 2019 Complete Form 318-1 on page 2 before completing Form 318 on page 1. 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 99T, 120, 120A, 120S, 120X or 165 Employer Identification Number Part 1 Current Taxable Year’s Credit Calculation 1 Total amount paid by the seller or purchaser as transaction privilege tax or use tax for coal sold to the taxpayer to be consumed in the generation of electrical power in Arizona. Enter total amount from included Form(s) 318-1, line 13, column (d)................................................ Current year’s taxable credit from taxpayer’s operations. Multiply line 1 by 30%. Enter the result................................................................................................................................... 1 00 2 3 Enter the amount of this credit passed through from partnerships on Form 318-P, line 3c................ 3 00 00 4 Add line 2 and line 3. Enter the total. This is the current taxable year’s Credit for Taxes Paid for Coal Consumed in Generating Electrical Power........................................................................... 4 00 2 Part 2 Corporate Partner’s Share of Credit A partnership claiming this credit must pass it through to its corporate partners. • Complete Form 318-P for each corporate partner. • Provide a completed copy of Form 318-P to each corporate partner. • File a copy of each completed Form 318-P with your tax return. • Keep a copy of each completed Form 318-P for your records. NOTE: This credit is not available to individual partners of a partnership or to individual shareholders of an S corporation. Part 3 Available Credit Carryover (a) Taxable Year (b) Original Credit Amount (c) Amount Previously Used (d) Available Carryover: Subtract column (c) from column (b). 5 00 00 00 6 00 00 00 7 00 00 00 8 00 00 00 9 00 00 00 Total Available Carryover: Add lines 5 through 10 in column (d). Enter the total.............................. 10 00 10 Part 4 11 12 13 Total Available Credit Current taxable year’s credit: • C Corporations, and S corporations electing to claim this credit at the corporate level: Enter the amount from Part 1, line 4. • Also, enter this amount on Form 300, Part 1, line 5, column (a)..................................................... Available credit carryover: • C Corporations, and S corporations electing to claim this credit at the corporate level: Enter the amount from Part 3, line 10, column (d). • Also, enter this amount on Form 300, Part 1, line 5, column (b)..................................................... Total available credit: • C Corporations, and S corporations electing to claim this credit at the corporate level: Add lines 11 and 12. Enter the total. • Also, enter this amount on Form 300, Part 1, line 5, column (c)..................................................... ADOR 10942 (19) 11 00 12 00 13 00 Print 318 Name (as shown on Form 318) EIN Page Form 318-1 Qualifying Coal Purchases 2019 Section A - Vendor 1 Name Vendor 1 Arizona TPT or Use Tax Number Section B - Taxpayer Name Taxpayer Arizona TPT or Use Tax Number (a) Month (b) Type of Tax: TPT or Use TPT TPT TPT TPT TPT TPT TPT TPT TPT TPT TPT TPT 1 2 3 4 5 6 7 8 9 10 11 12 (c) Coal Price Before Tax Use Use Use Use Use Use Use Use Use Use Use Use 13 TOTAL: Add lines 1 through 12............................ (d) Amount of Tax Paid (e) Total Amount 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 00 00 00 00 00 00 00 00 00 00 Section A - Vendor 2 Name Vendor 2 Arizona TPT or Use Tax Number Section B - Taxpayer Name Taxpayer Arizona TPT or Use Tax Number (a) Month 1 2 3 4 5 6 7 8 9 10 11 12 (b) Type of Tax: TPT or Use TPT TPT TPT TPT TPT TPT TPT TPT TPT TPT TPT TPT (c) Coal Price Before Tax Use Use Use Use Use Use Use Use Use Use Use Use 13 TOTAL: Add lines 1 through 12............................ of (d) Amount of Tax Paid (e) Total Amount 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 00 00 00 00 00 00 00 00 00 00 If there are more than two vendors, complete additional Form(s) 318-1. ADOR 10942 (19) Print 318-1 Clear 318-1
Arizona Form 318, 318-1
More about the Arizona Form 318 Corporate Income Tax Tax Credit
We last updated the Credit for Taxes Paid for Coal Consumed in Generating Electrical Power 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 318 from the Department of Revenue in May 2021.
Form 318 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 318
We have a total of six past-year versions of Form 318 in the TaxFormFinder archives, including for the previous tax year. Download past year versions of this tax form as PDFs here:
2019 Form 318
Arizona Form 318, 318-1
2017 Form 318
Arizona Form 318, 318-1
2016 Form 318
Arizona Form 318, 318-1
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