Article: 50178

Overview

Arizona Form 301 allows a wide variety of items to be claimed as nonrefundable tax credits, apply credit carryovers, figure credit limits, and credit recapture.

Reporting Form 301 – Nonrefundable Credits and Recapture

To report any of the following nonrefundable credits or credit recaptures for Arizona listed below for Parts 1 or 2, follow the steps below:

1. Go to the State taxes section.
2. Select I’d like to see the forms I’ve filled out or search for a form.
3. In the drop list, select Arizona.
4. Select the Credits tab.
5. Select 301 Nonrefundable Individual Tax Credits and Recapture (for part I) to add and open the form. Select 301 Nonrefundable Individual Tax Credits and Recapture Part II (to access part II fields) screen to add and open the form for part II.
6. Complete the form with your applicable information.
7. Click Save to apply changes.

Part I – Form 301 – Nonrefundable Credits and Recapture

The following nonrefundable credits are available to report the current year’s available credit amount or available carryover amount listed under Part I on Form 301.

• Form 315 – Pollution Control Credit
• Form 325 – Agricultural Pollution Control Equipment Credit
• Form 333 – Credit for Employing National Guard Member
• Form 341-I – Credit for Contributions (S-Corp) to School Tuition Organization for Displaced Students or Students with Disabilities
• Form 343 – Renewable Energy Production Tax Credit
• Form 345 – Credit for New Employment
• Form 346 – Additional Credit for Increased Research Activities for Basic Research Payments
• Form 353 – Healthy Forest Production Tax Credit
• Form 354 – Affordable Housing Tax Credit

Part II – Form 301 – Nonrefundable Credits and Recapture

The following nonrefundable credits are available to report the succeeding taxable years’ unused portion of the credit that can be carried forward in Part II on Form 301.

• Form 325 – Agricultural Pollution Control Equipment Credit
• Form 333 – Credit for Employing National Guard Member
• Form 341-I – Credit for Contributions (S-Corp) to School Tuition Organizations for Displaced Students or Students with Disabilities
• Form 343 – Renewable Energy Production Tax Credit
• Form 345 – Credit for New Employment
• Form 346 – Additional Credit for Increased Research Activities for Basic Research Payments
• Form 353 – Healthy Forest Production Tax Credit
• Form 354 – Affordable Housing Tax Credit