43-1078. Credit for Arizona small business excess credit amount
99 words·~1 min read·
/az/title-43/43-1078A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
A. A credit is allowed against the taxes imposed by this chapter in an amount that is equal to the excess amount determined pursuant to section 43-1742.
B. If any portion of the allowable credit exceeds the taxes due under this chapter or if there are no taxes due under this chapter, the amount of the credit not used to offset the taxes under this chapter may be carried forward as a credit under section 43-1742 to the following taxable year as a credit that is first available to offset the tax due under chapter 17 of this title.