Instructions for Arizona Form 308-I, ADOR10570 Credit for Increased Research Activities - Individuals - Arizona

Arizona Form 308-I (ADOR10570) Credit for Increased Research Activities - Individuals - Arizona

This document contains official instructions for Arizona Form 308-I , and Form ADOR10570 . Both forms are released and collected by the Arizona Department of Revenue. An up-to-date fillable Arizona Form 308-I (ADOR10570) is available for download through this link.

FAQ

Q: What is Arizona Form 308-I?
A: Arizona Form 308-I is a form used to claim the Credit for Increased Research Activities for individuals in Arizona.

Q: What is the purpose of Form 308-I?
A: The purpose of Form 308-I is to provide individuals in Arizona with a way to claim a credit for increased research activities.

Q: Who can use Form 308-I?
A: Individuals who have incurred eligible research expenses in Arizona can use Form 308-I to claim a credit for those expenses.

Q: What are eligible research expenses?
A: Eligible research expenses include wages, supplies, and contract research expenses that are necessary for qualified research activities.

Q: What is the credit for increased research activities?
A: The credit for increased research activities is a tax credit that individuals can claim for qualifying research expenses in Arizona.

Q: How do I fill out Form 308-I?
A: To fill out Form 308-I, you will need to provide information about your research activities and the qualifying expenses you incurred.

Q: Are there any deadlines for submitting Form 308-I?
A: Yes, Form 308-I must be filed by the same deadline as your individual income tax return, which is typically April 15th.

Q: Can I claim the credit if I didn't have any research expenses?
A: No, you can only claim the credit for increased research activities if you have incurred eligible research expenses in Arizona.