300: Nonrefundable Corporate Tax Credits and Recapture (2025)
Arizona · Arizona DOR · Used for tax years 2025
Arizona Form 300 summarizes nonrefundable corporate tax credits and credit recapture for 2025. It reports current-year credits, available carryovers, credits used during the tax year, and recapture tax, and is included with the taxpayer’s return.
Who files this form
Arizona Form 300 is used to report nonrefundable corporate tax credits and credit recapture. It lists tax amounts from Form 99T, 120, 120A, 120S, or 120X and directs taxpayers to include Form 300 with their return.
What you'll need
Have the following information and applicable forms available:
- Your name as shown on Form 99T, 120, 120A, 120S, or 120X, and your Employer Identification Number (EIN).
- Your applicable tax return, which supplies the tax amount for line 17.
- The credit forms that apply to you: Forms 308, 315, 318, 320, 331, 333, 335, 341, 343, 345, 346, 351, 353, and 354. Form 300 uses these to report current-year credits, available carryovers, and credits actually used.
- If reporting credit recapture, the applicable recapture amounts from Form 334, Part 5, line 15; Form 349, Part 7, line 19; Form 351, Part 2, line 24; or Form 354, Part 2, line 12.
How to file
Include Form 300 with the taxpayer’s return.
- In Part 1, enter current-year credits and available carryovers. Add them to get each total available credit, then add lines 1 through 14 on line 16.
- In Part 2, enter tax on line 17 and applicable recapture amounts on lines 18 through 21. Add the recapture amounts on line 22, then add lines 17 and 22 on line 24.
- Enter credits actually used on lines 25 through 38 and total them on line 40. This total cannot exceed line 24.
- Transfer line 22 to Form 99T, line 7; Form 120, line 17; Form 120A, line 9; Form 120S, line 13; or Form 120X, line 17(c).
- Transfer line 40 to Form 99T, line 9; Form 120, line 19; Form 120A, line 11; Form 120S, line 15; or Form 120X, line 19(c).
The supplied form does not provide a mailing address or e-file instructions.
Common mistakes
- Do not enter a credit total on line 40 that is greater than line 24. The form expressly limits the total to that amount.
- Do not forget to include Form 300 with the taxpayer’s return.
Questions people ask
Where do I report credit carryovers?
Enter available carryovers in Part 1, column (b). Column (c) combines the current-year credit in column (a) with the available carryover.
Are available credits and credits actually used reported separately?
Yes. Part 1 reports available credits. Part 2, lines 25 through 38, reports the credits actually used during the taxable year.
Which credit recaptures are listed on Form 300?
Lines 18 through 21 list recapture for motion picture production costs, qualified facilities, renewable energy investment and production for self-consumption by international operations centers, and affordable housing.
Is there a limit on the total credits reported on line 40?
Yes. Line 40 cannot be more than line 24, which is the total of tax on line 17 and recapture on line 22.