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Arizona Additional Credit for Increased Research Activities for Basic Research Payments
Form 346 is obsolete, and is no longer supported by the Arizona Department of Revenue.
Extracted from PDF file 2019-arizona-form-346.pdf, last modified December 2009Additional Credit for Increased Research Activities for Basic Research Payments
Arizona Form 346 Additional Credit for Increased Research Activities for Basic Research Payments 2019 Include 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 . All businesses must be certified by the Arizona Commerce Authority and the Department of Revenue before applying for this credit. Name as shown on Form 140, 140PY, 140NR, 140X, 99T, 120, 120A, 120S, 120X, or 165 Part 1 Social Security or Employer Identification Number Qualification for Additional Credit 1 Did you receive a Letter of Approval from the Arizona Department of Revenue (Revenue) for this credit?............................................................................................................................. Yes No a If “Yes”, include a copy of the letter. b If “No”, go to line 3. 2 Enter the credit amount from the Letter of Approval from Revenue........................................................................... 3 Are you claiming this credit as a pass through from a partnership or S corporation and you received Form(s) 346-P from the partnership(s) and/or Form(s) 346-S from the S corporation(s)?........................................................................................................................ Yes No a If “Yes”, include a copy of each Form 346-P or Form 346-S you received. b If “No”, skip to line 4. 00 2 4 If you answered “Yes” to the question on line 1 and/or the question on line 3, go to Part 2. 5 If you answered “No” to the question on line 1 and to the question on line 3, STOP! YOU ARE NOT ELIGIBLE TO CLAIM THIS CREDIT. Current Taxable Year’s Credit Calculation Part 2 Portion Earned by the Taxpayer 6 7 8 9 Basic research payments paid to qualified organizations: See instructions............ 6 00 Qualified organization base period amount........................................................... 7 00 Subtract line 7 from line 6. If less than zero, enter “0”.............................................................................................. Multiply line 8 by 10% (.10). Enter the result. The result cannot exceed the amount on line 2................................ Portion Passed Through From Partnerships or S corporations 10 Enter the total amount of this credit passed through from partnerships on Form 346-P, Part 2, line 4..................... 11 Enter the total amount of this credit passed through from S corporations on Form 346-S, Part 2, line 4................. Part 3 00 00 10 11 00 00 12 00 Total Current Year’s Credit 12 Total Credit: Add lines 9 through 11. Enter the total. This is the current year’s Additional Credit for Increased Research Activities for Basic Research Payments............................................................................ Part 4 8 9 Partnerships A partnership claiming this credit must pass it through to its partners. • Complete Form 346-P for each partner. • Provide a completed copy of Form 346-P to each partner. • File a copy of each completed Form 346-P with your tax return. • Keep a copy of each completed Form 346-P for your records. Continued on page 2 ADOR 11165 (19) Name (as shown on page 1) Part 5 TIN S Corporation Credit Election and Shareholder’s Share of Credit 13 The S corporation has made an irrevocable election for the taxable year ending (check only one box): MM D D Y Y Y Y to 13a Claim the additional credit for increased research activities for basic research payments as shown on Part 3, line 12 (for the taxable year indicated above) at the corporate level; OR 13b Pass the additional credit for increased research activities for basic research payments as shown on Part 3, line 12 (for the taxable year indicated above) through to its shareholders. Signature Title Date Shareholders: If passing the credit through to the shareholders, complete Form 346-S for each shareholder. • Provide a copy of the completed Form 346-S to each shareholder. • File a copy of each completed Form 346-S with your tax return. • Keep a copy of each completed Form 346-S for your records. Part 6 Available Credit Carryover (a) Taxable Year (b) Original Credit Amount (c) Amount Previously Used or Expired 00 00 00 00 00 14 15 16 17 18 19 Total Available Carryover: Add lines 14 through 18 in column (d). Enter the total................................................... Part 7 (d) Available Carryover: Subtract column (c) from column (b). 00 00 00 00 00 00 00 00 00 00 19 00 Total Additional Available Credit for Increased Research Activites for Basic Research Payments 20 Current year’s credit: Enter the amount from Part 3, line 12. • Individuals: Also, enter this amount on Form 301, Part 1, line 24, column (a). • Partnerships: Enter “0”. • S corporations that passed the credit through to shareholders: Enter “0”. • C Corporations, S corporations electing to claim this credit at the corporate level, and exempt organizations with UBTI: Also, enter this amount on Form 300, Part 1, line 17, column (a)..................................................... 21 Available credit carryover: Enter the amount from Part 6, line 19. • Individuals: Also, enter this amount on Form 301, Part 1, line 24, column (b). • C Corporations, S corporations electing to claim this credit at the corporate level, and exempt organizations with UBTI: Also, enter this amount on Form 300, Part 1, line 17, column (b)....................................................... 22 Total available credit: Add lines 20 and 21 and enter the total. • Individuals: Also, enter this amount on Form 301, Part 1, line 24, column (c). • C Corporations, S corporations electing to claim this credit at the corporate level, and exempt organizations with UBTI: Also, enter this amount on Form 300, Part 1, line 17, column (c)........................................................ ADOR 11165 (19) AZ Form 346 (2019) 20 00 21 00 22 00 Print Page 2 of 2
Arizona Form 346
More about the Arizona Form 346 Corporate Income Tax Tax Credit
We last updated the Additional Credit for Increased Research Activities for Basic Research Payments 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 346 from the Department of Revenue in May 2021.
Form 346 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 346
We have a total of six past-year versions of Form 346 in the TaxFormFinder archives, including for the previous tax year. Download past year versions of this tax form as PDFs here:
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