Form 320 - Credit For Employment Of Tanf Recipients

2000

ARIZONA FORM

Credit for Employment of TANF Recipients

320

For the calendar year 2000, or fiscal year

beginning _________________________, 20 ______, and ending _________________________, 20 ______

Attach to your return

Name(s) as shown on Form 140, 140PY, 140NR, 140X, 120, 120A, 120S, 120X or 165

Your social security number or federal employer ID number

Part I Business Information

Business name ..............................................................................................................

2 Business location ................................................................................................................

3 (a) State withholding number .............................................................................................

(b) Federal employer identification number ........................................................................

Part II Net Increase In Qualified Employment Positions

4 Average number of qualified employment positions during the current taxable year. ......................................................

5 Average number of qualified employment positions during the immediately

preceding taxable year. ....................................................................................................................................................

6 Net increase in the number of qualified employment positions - subtract line 5 from line 4. ............................................

7 Number of positions on line 6 that are eligible for any other income tax credit

under Arizona law. ............................................................................................................................................................

8 Maximum number of positions eligible for the credit. Subtract line 7 from line 6. .............................................................

Part III Qualifying New Employees

9 New employees hired during the year ..............................................................................................................................

10 Qualified new employees. .................................................................................................................................................

11 Maximum number of qualifying net new employees. Enter the smaller of line 8 or line 10. .............................................

Part IV Credit Calculation For Qualifying Employees

(a)

(b)

(c)

(d)

Number of qualifying

Qualifying wages

Allowable credit

employees

Qualifying net new employees.

(Maximum of $2,000 for