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 308?
A: Arizona Form 308 is a form used to claim the Credit for Increased Research Activities in Arizona.
Q: What is the purpose of Arizona Form 308?
A: The purpose of Arizona Form 308 is to allow businesses to claim a tax credit for increased research activities conducted within the state of Arizona.
Q: Who can use Arizona Form 308?
A: Businesses that have conducted qualified research activities in Arizona may use Arizona Form 308 to claim the tax credit.
Q: What are qualified research activities?
A: Qualified research activities include activities that meet certain criteria as defined by the IRS, such as the development of new or improved products, processes, or software.
Q: How much is the tax credit for increased research activities in Arizona?
A: The tax credit for increased research activities in Arizona is equal to 24% of the eligible expenses incurred during the tax year.
Q: How do I file Arizona Form 308?
A: Arizona Form 308 should be filed with the Arizona Department of Revenue (ADOR) along with the business's income tax return for the tax year in which the credit is claimed.
Form Details:
Download a fillable version of Arizona Form 308 (ADOR10135) by clicking the link below or browse more documents and templates provided by the Arizona Department of Revenue.