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INSTRUCTIONS: ARIZONA CREDIT FOR INCREASED RESEARCH ACTIVITIES - INDIVIDUALS (Form 308-I)

Arizona taxpayers who have a current taxable year's credit for increased research activities from their sole proprietorship, a current taxable year's credit for increased research activities which has passed through an S corporation or partnership, or a carryover of unused credit for increased research activities from tax years 2001 and later should file a form 308-I. This form can be obtained from the website maintained by the Arizona Department of Revenue.

Arizona Credit for Increased Research Activities - Individuals 308-I Step 1: Enter the beginning and ending dates of the fiscal year you are filing for if not filing for the calendar year pre-printed on the form.

Arizona Credit for Increased Research Activities - Individuals 308-I Step 2: In the first blank box, enter your name as it appears on form 140, 140PY, 140NR or 140X. 

Arizona Credit for Increased Research Activities - Individuals 308-I Step 3: In the second blank box, enter your Social Security number.

Arizona Credit for Increased Research Activities - Individuals 308-I Step 4: Part I concerns your qualification for a refund of the current year's excess credit. If you received a "Certificate of Qualification" from the Arizona Commerce Authority, check "Yes" on line 1 and enter the maximum refund amount for this taxable year on line 2. Otherwise, skip line 2.

Arizona Credit for Increased Research Activities - Individuals 308-I Step 5: On line 3, if you are claiming a pass through credit  for increased research activities for which you received a "Certificate of Qualification," check "yes" and enter the maximum refund amount for this taxable year on line 4. Otherwise, skip line 4.

Arizona Credit for Increased Research Activities - Individuals 308-I Step 6: Part II should only be completed by sole proprietorships.

Arizona Credit for Increased Research Activities - Individuals 308-I Step 7: Part III concerns the current taxable year's credit which has passed through S corporations and partnerships.

Arizona Credit for Increased Research Activities - Individuals 308-I Step 8: Part IV should only be completed if "Yes" was checked on lines 1 or 3 of Part I.

Arizona Credit for Increased Research Activities - Individuals 308-I Step 9: Part V concerns available pre-2003 credit carryovers, Part VI concerns available post-2002 credit carryovers, Part VII concerns limitations of credit carryovers, and Part VIII concerns your total available nonrefundable credit.