Arizona Credit for Renewable Energy Investment and Production

Credit for Renewable Energy Investment and Production
Arizona Form 351-S
Arizona Form

351-S

Credit for Renewable Energy Investment and Production for SelfConsumption by Manufacturers and International Operations Centers –
Distribution to Shareholders of an S Corporation

2017

For the calendar year 2017 or fiscal year beginning M M D D 2 0 1 7 and ending M M D D 2 0 Y Y .
S Corporations passing this credit through to S corporation individual shareholders:
	 •	Complete Form 351-S for each individual shareholder of the S corporation.
	 •	Provide a copy of the completed form and the certificate received from the Arizona Department of Revenue to
each individual shareholder.
	 •	Keep a copy of each completed Form 351-S for your records.
Individual Shareholders:
	 •	Use this form to complete your own Form 351.
	 •	Include this completed form and a copy of the certificate received from the Arizona Department of Revenue
with your return.
	 •	Keep a copy of this form and certificate for your records.
NOTE:  If you file your tax return on a calendar year basis but this entity files a return on a fiscal year basis (see above),
claim this credit on your tax return for the year in which this entity’s fiscal year ends.
Part 1

Distribution of the Credit

Complete this portion to distribute the credit to the individual shareholders of the S corporation.
1

(a)	S corporation Name

(b)	Employer Identification Number (EIN) (c) Facility Code

(a)	Individual Shareholder Name

(b)	Taxpayer Identification Number (TIN)

2
3a S corporation credit amount..................................................................................................... 	 3a $

00

3b Shareholder’s ownership percentage....................................................................................... 	3b
3c Multiply the amount on line 3a by the percentage on line 3b.  Enter the result.  This is the
shareholder’s portion of the credit............................................................................................ 	 3c $

%
00

Individual Shareholders: Enter the amount from line 3c on your Form 351, Part 1, line 7.

Part 2 Distribution of the Credit Recapture
Complete this portion to notify each individual shareholder in the S corporation of his or her share of the credit to be
recaptured.
4
5

(a)	S corporation Name

(b)	Employer Identification Number (EIN)

(a)	Individual Shareholder Name

(b)	Taxpayer Identification Number (TIN)

(a)	Facility Code

(b)	Tax Year(s) Credit Passed Through to This Individual Shareholder

6
7 Individual shareholder’s portion of the credit subject to recapture........................................... 	 7 $

00

Individual Shareholders: Enter the amount from line 7 on your Form 351, Part 2, line 20.

ADOR 11247 (17)

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