Arizona Revised Statutes Title 42. Taxation § 42-5017. Credit for accounting and reporting expenses; definition

A. A credit is allowed against the taxes imposed by this article and article 5 of this chapter  1 for expenses incurred by the taxpayer in accounting and reporting those taxes. The credit is:

B. Estimated taxes under § 42-5014, subsection D are not considered a separate reporting period.

C. A taxpayer shall claim the credit for each tax period on forms prescribed and furnished by the department, which may be incorporated in the return form prescribed pursuant to § 42-5014. A claim for credit is not allowed if the taxpayer fails to pay the tax due, plus any estimated tax liability, before the payment becomes delinquent. A claim for the increased credit amount under subsection A, paragraph 2 of this section is not allowed if the taxpayer fails to file using the department's electronic filing program for any taxable period during the calendar year. The department shall recapture any credit amounts claimed by the taxpayer but disallowed.

D. For the purposes of this section, “taxpayer” means the business entity under which the business reports for state income tax purposes or an entity that is exempt from state income tax.