INSTRUCTIONS: ARIZONA CREDIT FOR HEALTHY FOREST ENTERPRISES (Form 332)

A form 332 is used to claim credit in Arizona for healthy forest enterprises. This document can be obtained from the website of the Arizona Department of Revenue.

Arizona Credit For Healthy Forest Enterprises 332 Step 1: If not filing for the calendar year pre-printed on the form, enter the beginning and ending dates of your fiscal year.

Arizona Credit For Healthy Forest Enterprises 332 Step 2: Enter your name as it appears on form 140, 140PY, 140NR, 140X, 120, 120A, 120S, 120X or 165 and your Social Security number or employer identification number.

Arizona Credit For Healthy Forest Enterprises 332 Step 3: Indicate with a check mark whether you are claiming a credit for the first, second, third, fourth, fifth or sixth year or more.

Arizona Credit For Healthy Forest Enterprises 332 Step 4: Part I concerns your business. Enter the name of your Healthy Forest Enterprise on line 1 and your employer identification number on line 2.

Arizona Credit For Healthy Forest Enterprises 332 Step 5: On lines 3 through 5 in Part II, enter all information requested about the average number of full-time employees.

Arizona Credit For Healthy Forest Enterprises 332 Step 6: On lines 6 through 8 in Part III, provide all information requested about net increase in qualified employment positions.

Arizona Credit For Healthy Forest Enterprises 332 Step 7: On lines 9 and 10 in Part IV, provide all information requested about limitation on number of qualified employment positions.

Arizona Credit For Healthy Forest Enterprises 332 Step 8: On lines 11 through 14 in the table provided in Part V, calculate your credit for qualified employment positions as instructed.

Arizona Credit For Healthy Forest Enterprises 332 Step 9: On lines 15 through 20 of Part VI, document your credit recapture as instructed.

Arizona Credit For Healthy Forest Enterprises 332 Step 10: Lines 21 through 25 of Part VII should only be completed by S corporations.

Arizona Credit For Healthy Forest Enterprises 332 Step 11: On lines 26 through 29 of Part VIII, complete 26 through 29 to document each partner's share of the credit and credit recapture.

Arizona Credit For Healthy Forest Enterprises 332 Step 12: Complete lines 30 through 44 of Parts IX through XI as instructed.