This version of the form is not currently in use and is provided for reference only. Download this version of Arizona Form 318 (ADOR10942) for the current year.
This is a legal form that was released by the Arizona Department of Revenue - a government authority operating within Arizona. Check the official instructions before completing and submitting the form.
Q: What is Arizona Form 318?
A: Arizona Form 318 is a tax form used to claim a credit for taxes paid for coal consumed in generating electrical power in Arizona.
Q: Who can use Arizona Form 318?
A: Arizona taxpayers who paid taxes for coal consumed in generating electrical power in Arizona can use this form to claim a tax credit.
Q: What is the purpose of the tax credit?
A: The tax credit is intended to incentivize the use of coal in generating electrical power in Arizona.
Q: How do I submit Arizona Form 318?
A: Arizona Form 318 should be attached to your state income tax return when you file it.
Q: Is there a deadline to submit Arizona Form 318?
A: Yes, Arizona Form 318 must be submitted by the filing deadline for your state income tax return, typically April 15th.
Q: Can I claim the tax credit if I didn't consume coal in generating electrical power?
A: No, you can only claim the tax credit if you paid taxes for coal consumed in generating electrical power in Arizona.
Q: What supporting documentation do I need to submit with Arizona Form 318?
A: You may be required to submit documentation such as receipts or invoices showing the taxes paid on coal consumed.
Q: Is the tax credit refundable?
A: No, the tax credit is nonrefundable and can only be used to offset your Arizona state income tax liability.
Q: Can I carry forward any unused tax credit?
A: Yes, if you have excess tax credit that you cannot use in the current tax year, you may carry it forward to future years.
Form Details:
Download a fillable version of Arizona Form 318 (ADOR10942) by clicking the link below or browse more documents and templates provided by the Arizona Department of Revenue.