Get Arizona Form 312

Filling out the Arizona Form 312 online can streamline your application process for the Agricultural Water Conservation System Credit. This guide provides step-by-step instructions to help you complete the form accurately and efficiently.

Follow the steps to successfully complete your Arizona Form 312 online.

1. Click ‘Get Form’ button to obtain the form and open it in the editor.
2. Begin by entering your name as it appears on your primary tax forms such as Form 140 or Form 140NR. Ensure that the spelling and order of your name are correct.
3. If you are filing jointly, enter your partner’s name and Social Security number in the designated fields.
4. Proceed to Part 1, where you will answer whether you have a conservation plan on file with the United States Department of Agriculture Soil Conservation Service. Select either 'Yes' or 'No' and provide the date filed if applicable.
5. In question 3 of Part 1, check the appropriate box to indicate the type of change or system you have installed for water conservation.
6. Move to Part 2 and enter the total amount of qualifying expenses for the current taxable year. Be sure to subtract any reimbursement amount provided to derive the net amount of qualifying expenses.
7. Calculate the current taxable year’s credit by multiplying the net amount of qualifying expenses by 75%.
8. If you have received any pass-through credits from partnerships or S corporations, enter those amounts in the respective lines to sum up your total credits.
9. Complete Part 3 by documenting any available credit carryovers from the previous taxable years, ensuring to calculate the total available carryover.

Complete your documents online efficiently and accurately today.