315-P: Pollution Control Credit – Distribution to Partners (2025)
Arizona · Arizona DOR · Used for tax years 2025
Arizona Form 315-P reports a corporate partner’s share of a partnership’s pollution control credit for 2025. It also reports the partner’s share of excess depreciation or amortization expense and/or excess federal adjusted basis.
Who files this form
Partnerships distributing the pollution control credit must complete a separate Form 315-P for each corporate partner and include a copy with the partnership return.
Corporate partners use their completed Form 315-P to complete their own Form 315 and must include a copy of Form 315-P with their return.
Individual partners are no longer eligible to claim this credit.
What you'll need
To complete Form 315-P, have these items ready:
- The partnership’s name and employer identification number (EIN).
- The corporate partner’s name, EIN, and ownership percentage.
- The partnership’s Form 315, including the credit amount from Part 3, line 18.
- The partnership’s excess depreciation/amortization expense and/or excess federal adjusted basis amount.
Corporate partners need the completed Form 315-P from the partnership to complete their own Form 315.
How to file
Partnerships:
- Complete Form 315-P for each corporate partner.
- Enter the partnership credit from Form 315, Part 3, line 18, on line 3. Multiply it by the partner’s ownership percentage to calculate line 4.
- Enter the partnership’s excess depreciation/amortization expense and/or excess federal adjusted basis on line 5. Multiply it by the partner’s ownership percentage to calculate line 6.
- Give each corporate partner a copy, keep a copy for your records, and include a copy of each completed Form 315-P with the partnership return.
Corporate partners: Include the line 4 credit amount on your own Form 315, Part 2, line 15. Include the line 6 amount in the calculation of “Other Additions” on your corporate return. Attach a copy of Form 315-P to your return and keep a copy for your records.
Common mistakes
- Claiming the credit as an individual partner. The form states that individual partners are no longer eligible.
- Claiming the credit in the wrong year. If you file on a calendar-year basis and the partnership files on a fiscal-year basis, claim the credit for the year in which the partnership’s fiscal year ends.
- Leaving out required copies. The partnership must provide a copy to each corporate partner and include copies with its return. Corporate partners must include their copy with their return. Both must keep copies for their records.
- Overlooking line 6. Corporate partners must include this amount in the calculation of “Other Additions” on their corporate return.
Questions people ask
How is a corporate partner’s share of the credit calculated?
Multiply the partnership’s credit on line 3 by the corporate partner’s ownership percentage on line 2(c). Enter the result on line 4.
Where does the corporate partner report the credit?
Include the amount from Form 315-P, line 4, on the corporate partner’s own Form 315, Part 2, line 15.
Can an individual partner claim this credit?
No. The form states that individual partners are no longer eligible to claim it.
Which year do I claim the credit if the partnership uses a fiscal year?
If you file on a calendar-year basis, claim the credit on your return for the year in which the partnership’s fiscal year ends.