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                                                                                                                Arizona Form 

2022      Credit for New Employment                                                                                   345 
                                                                           o  Invest at least $5 million of capital investment and 
CONTACTS FOR CREDIT FOR NEW EMPLOYMENT                                        create at least 25 new  qualified employment 
 
                                                                              positions that pay compensation at least equal to 
Arizona   Commerce Authority                                                  100%  of  the  county  median  wage  as  computed 
Application forms Program guidelines  
                                                                              annually by Commerce. 
 Website: www.azcommerce.com                                               o  Invest at least $2.5 million of capital investment and 
                                                                              create at least 25 new employment positions that pay 
Program   Manager                            (602) 845-1200                   compensation at least equal to 125% of the county  
 
                                                                              median wage as computed annually by Commerce.   
Arizona   Department of Revenue                                            o  Invest at least $1 million of capital investment and 
Tax forms and instructions    Information and assistance                    create at least 25 new employment positions that pay 
 
                                                                              compensation at least equal to 150% of the county 
 Website: www.azdor.gov                                                       median wage as computed annually by Commerce.  
Taxpayer assistance                          (602) 255-3381                   Invest at least $500,000  of capital investment and 
                                                                           o
From  area codes 520 and 928, toll-free      (800) 352-4090                   create at least 25 new employment positions that pay 
                                                                              compensation at least equal to 200% of the county 
                 General Instructions                                         median wage as computed annually by Commerce.  
                                                                       •   Businesses in a rural location must meet at least one of 
Arizona  Revised Statutes (A.R.S.)  §§ 43-1074  and 43-1161                the following:   
provide nonrefundable individual and corporate income tax credits             Invest at least $1 million of capital investment and 
                                                                           o
for net increases in qualified employment positions in Arizona at a           create at least 5 new employment positions that pay 
 business location in Arizona.                                                compensation at least equal to 100% of the county 
This credit is available to individuals, corporate taxpayers, partners        median wage as computed annually by Commerce. 
in a partnership  (except  trust and  estate partners), and to             o  Invest at least $500,000  of capital investment and 
shareholders of  an  S Corporation  (except  trust and estate                 create at least 5 new employment positions that pay 
shareholders).  Exempt organizations subject to unrelated business            compensation at least equal to 125% of the county 
taxable income (UBTI) may claim this credit if the credit results             median wage as computed annually by Commerce. 
 from activities that generate UBTI.                                       o  Invest at least $100,000  of capital investment and 
Trusts  and estates, with the exception  of grantor trusts, cannot            create at least 5 new employment positions that pay 
claim this credit either directly or as a pass through.  A grantor            compensation at least equal to 150% of the county 
trust that is disregarded for federal income tax purposes is treated          median wage as computed annually by Commerce. 
as owned by the grantor.  As a result, the grantor may claim the       The capital  investment and the new  qualified employment 
credit.  The total of the credits may not exceed the amount that       positions requirements listed above must be accomplished within 
would have been allowed for a sole owner of the business.              12 months after the start of the required capital investment.  No 
Co-owners of a business, including partners in a partnership and       credit may be claimed until both requirements are met.  
shareholders of an S Corporation, may each claim only the      pro     In addition,  the qualified employment positions  must  meet the 
rata share of the credit allowed based on the ownership interest.      following requirements: 
The total of the credits allowed all such owners may not exceed        •  Consist of at  least 1,750  hours per  year of permanent 
the amount that would have been allowed for a sole owner of the           employment. 
business.                                                              •  The job duties  are  performed  primarily at the location or 
Note for Form 120 filers:  Taxpayers filing on a combined  or             locations of the business in Arizona. 
consolidated basis are considered to be a single taxpayer for the      •  The employment provides health insurance coverage for the 
purposes  of the credit for new employment.                               employee where the employer pays 65% of the premium or 
If the documents required to be filed with the Arizona Commerce           membership cost.  
Authority (Commerce) or the  Arizona Department  of Revenue            The  Credit for  New  Employment for  Qualified  Employment 
(ADOR)  are not timely filed  or  contain materially false             positions is equal to: 
information, the taxpayer is  ineligible for the  Credit  for  New     •  $3,000 for each Arizona employee in a qualified employment 
Employment  (including  second and third  year credits, and               position in the first year or partial year of employment; 
carryovers) and is subject to recovery of the amount of tax credits    •  $3,000 for each Arizona employee in a qualified employment 
allowed in preceding taxable years based on the false information,        position  for the full taxable year,  in the second year  of 
 plus penalties and interest.                                             continuous employment; 
The  Credit  for  New  Employment is in  lieu of  the employment       •  $3,000 for each Arizona employee in a qualified employment 
 credit for Healthy Forest Enterprises, claimed on Form 332.              position for the full taxable year, in the third year of continuous 
To qualify for the Credit for New Employment:                             employment. 
•   Businesses in an urban location must meet at least one of          The credit is allowed for second and third year employees only for 
    the following:                                                     qualified employment positions for which a credit  was claimed 
                                                                       and allowed in the first year.

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Arizona Form 345

NOTE: If a full-time employee in a qualified employment position • Individual taxpayers that made the Small Business
left during the second or third taxable year that a credit for that Income election, complete this credit form and Arizona
position is being claimed, the employee may be replaced with Form 301-SBI, Nonrefundable Individual Tax Credits
another new full-time employee in the same employment position. and Recapture for Form 140-SBI, 140PY-SBI, 140NR-
That new employee will be treated as being in their second or SBI and 140X-SBI. Include both completed forms with
third full year of continuous employment if: (1) the total time the your SBI Tax Return (Form 140-SBI, 140PY-SBI,
qualified employment position was vacant from the date the 140NR-SBI, or 140X-SBI).
position was originally filled to the end of the current tax year • C Corporations, S Corporations claiming this credit at the
totals 90 days or less; and (2) the new employee meets all of the corporate level, and exempt organizations with UBTI,
same requirements the original employee was required to meet. complete this credit form and Arizona Form 300,
However, only one credit can be claimed for one employee for Nonrefundable Corporate Tax Credits and Recapture.
each qualified employment position, even if there was more than Include both completed forms with your return.
• S Corporations electing to pass this credit through to its
one replacement for the same position during the taxable year. shareholders, complete this credit. Also complete Form 345-
If the allowable tax credit exceeds the taxes otherwise due on the S for each shareholder of the S Corporation. Provide each
claimant's income, or if there are no taxes due, the amount of the shareholder a copy of his or her completed Form 345-S.
credit not used to offset taxes may be carried forward for not more Include Form 345 and one copy of each completed Form
than five taxable years as a credit against subsequent years' income 345-S with your return.
tax liabilities. • Partnerships complete this credit form. Also, complete Form
Reporting requirements: Include a copy of the Certification you 345-P for each partner of the partnership. Provide each
received from Commerce. The Certification will state you partner a copy of his or her completed Form 345-P. Include
complied with their reporting requirements and will indicate the Form 345 and one copy of each completed Form 345-P with
number of positions for which you are certified for the taxable your return.
year. To claim this credit, you must timely comply with the
reporting requirements of both ADOR and Commerce. Do not Part 1 - Business Information
use the 2022 Form 345 and 345-1 to claim this credit for previous Lines 1 through 3
taxable years.
Aggregate summary: Complete Form 345, 345-1, and 345-2 for On lines 1, 2, and 3, enter the name, address, and EIN of the
each business location for which you are claiming this credit. If business location.
you claim this credit for multiple business locations, complete an Line 4a and Line 4b
aggregated summary Form 345. Do not complete aggregate Check the boxes to answer the questions on line 4a and line 4b. If
summaries of Forms 345-1 and 345-2. the business is an LLC, a partnership, or an S Corporation, be sure
If you complete an aggregated Form 345, do NOT complete Part 1 to include a schedule that lists ownership information including:
- Business Information. name, address, TIN, and ownership percentage as of the end of the
Include the Forms 345, 345-1, and 345-2 for each business tax year. Include the schedule immediately after Form 345.
location with the aggregated Form 345. NOTE: If you are claiming only a carryover of this credit from
previous taxable years, DO NOT complete Forms 345-1 and
Specific Instructions 345-2. Complete ONLY Form 345.
Complete the taxpayer name and taxpayer identification number If you are claiming a credit for the current taxable year,
(TIN) section at the top of the form. Indicate the period covered by complete Forms 345-1 and 345-2 before completing the rest of
the taxable year. Include the completed form and all supporting Form 345.
documentation with the tax return. • Please refer to page 5 for the instructions to complete Form
All returns, statements, and other documents filed with the 345-1.
department require a TIN. The TIN for a corporation, an exempt • Please refer to page 6 for the instructions to complete Form
organization with UBTI, an S Corporation, or a partnership is the 345-2.
taxpayer's employer identification number (EIN). The TIN for an
Part 2 - Qualification for Credit and Credit
individual is the taxpayer's Social Security Number (SSN) or an
Internal Revenue Service Individual Taxpayer Identification Calculation
Number (ITIN). Taxpayers that fail to include their taxpayer Line 5
identification number may be subject to a penalty. If you received a Certification from the Arizona Commerce
NOTE – To claim this credit: Authority (Commerce) for this credit, check the "Yes" box.
• Individual taxpayers that did not make the Small Otherwise, check the "No" box.
Business Income election , complete this credit form and Line 6
Arizona Form 301, Nonrefundable Individual Tax If you are claiming a pass through of this credit from a partnership
Credits and Recapture. Include both completed forms and/or an S Corporation, check the “Yes” box. Otherwise, check
with your Individual Income Tax Return, (Form 140, the “No” box.
140PY, 140NR, or 140X).

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Arizona Form 345

Line 7 NOTE: Trusts and estates which are partners in a partnership
• If you answered “Yes” to the question on line 5 or on line 6, are not eligible to claim these credits. However, the share of a
go to Part 3. Include a copy of all Form(s) 345-P and/or partnership owned by a grantor trust that is disregarded for
Form(s) 345-S with this form. federal income tax purposes is treated as owned by the grantor.
• If you answered “No” to the question on line 5 or on line 6, The grantor may claim his or her share of these credits.
STOP! YOU ARE NOT ELIGIBLE TO CLAIM THIS
CREDIT. Part 5 - S Corporation Credit Election and
Shareholder’s Share of Credit
Part 3 - Current Taxable Year’s Credit
Lines 14, 14a, & 14b
Calculation
The S Corporation must complete line 14, and line 14a, or line
Line 8 14b. The S Corporation must make an irrevocable election either
Enter the total number of employees in their first year or partial to claim the current taxable year credit at the corporate level, or to
year of employment in a qualified employment position from pass the credit through to its shareholders. The S Corporation
Form 345-2, line 24, column (c1), in column (a). Multiply the election is made by:
number in column (a) by $3,000 and enter the result in column (b).
• Entering the date the S Corporation taxable year ends in the
Line 9 box provided.
Enter the total number of employees in their second year of • Checking the box on line 14a electing to claim the current
continuous employment in a qualified employment position from year taxable credit at the corporate level; or,
Form 345-2, line 24, column (c2), in column (a). Multiply the • Checking the box on line 14b electing to pass the current
number in column (a) by $3,000 and enter the result in column (b). taxable year credit through to its shareholders.
Line 10 • The election statement must be signed by an officer of the S
Enter the total number of employees in their third year of Corporation who is also a signatory to Arizona Form 120S.
continuous employment in a qualified employment position from If the S Corporation elects to claim the credit at the corporate level,
Form 345-2, line 24, column (c3), in column (a). Multiply the continue to Part 6.
number in column (a) by $3,000 and enter the result in column (b). If the S Corporation elects to pass this credit through to its
Line 11 shareholders, proceed to the instructions for completing Form 345-
Enter the amount of this credit passed through from partnerships S on page 7.
on Form(s) 345-P, line 3(c). If you received a pass through of this If passing this credit through to the shareholders:
credit from more than one partnership, include a schedule • Complete Form 345-S for each shareholder.
indicating the amount of the credit passed through from each • Provide a copy of completed Form 345-S to each
partnership. shareholder.
Line 12 • Include a copy of each completed Form 345-S with your tax
Enter the credit passed through from S Corporations on Form(s) return.
345-S, line 3(c). If you received a pass through of this credit from • Keep a copy of each completed Form 345-S for your records.
more than one S Corporation, include a schedule indicating the Each S Corporation shareholder is entitled to only a pro rata share
amount of the credit passed through from each S Corporation. of pass-through credit based on ownership interest in the S
Line 13 Corporation. The total of the credit allowed to all shareholders
may not exceed the amount that would have been allowed for a
Add lines 8 through 12 in column (b). Enter the total. This is the
sole owner.
current year’s Credit for New Employment.
NOTE: Trusts and estates which are shareholders of an S
Part 4 - Partnerships Corporation are not eligible to claim these credits. However, the
A partnership claiming this credit must pass it through to its share of an S Corporation owned by a grantor trust that is
partners. Proceed to the instructions for completing Form 345-P disregarded for federal income tax purposes is treated as owned
on page 7. by the grantor. The grantor may claim his or her share of these
• Complete Form 345-P for each partner. credits.

• Provide a completed copy of Form 345-P to each partner.
• Include a copy of each completed Form 345-P with your tax Part 6 - Available Credit Carryover
return. S Corporations, if this credit was claimed at the corporate level
• Keep a copy of each completed Form 345-P for your records. in a prior taxable year and there is a carryover amount available,
• Do not complete the remainder of this form. complete Part 6.
Each partner is entitled to only a pro rata share of each credit Use Part 6 to figure your total available credit carryover from prior
based on the partner’s ownership interest in the partnership. The taxable years. Complete lines 15 through 20 if you claimed the
total of each credit allowed to all partners may not exceed the credit on a prior year’s return and the credit exceeded your tax
amount that would have been allowed for a sole owner. liability.

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Arizona Form 345

Line 15 Line 23
Enter the taxable years from which you are carrying over the credit Individuals, C Corporations, S Corporations that elected to claim
in columns (a) through (e). the credit at the corporate level, and exempt organizations with
Line 16 UBTI - enter the amount from Part 6, line 21. This is the total
Enter the credit originally computed for the taxable year indicated available credit carryover for new employment.
in columns (a) through (e). Individuals that did not make the Small Business Income
election: Enter this amount on Form 301, Part 1, line 19, column
Line 17
(b).
Enter the amount of the credit from the taxable year indicated in
Individuals that made the Small Business Income election: Enter
columns (a) through (e) that was used in a prior taxable year.
this amount on Form 301-SBI, Part 1, line 14, column (b).
Line 18 C Corporations, S Corporations that elected to claim the credit at
Subtract columns (a) through (e) of line 17 from columns (a) the corporate level, and exempt organizations with UBTI E: nter
through (e) of line 16. Enter the difference in each column. This this amount on Form 300, Part 1, line 13, column (b).
is your tentative credit carryover amount.
Line 24
Line 19 Individuals, C Corporations, S Corporations that elected to claim
Enter the amount of the credit from the taxable year indicated in the credit at the corporate level, and exempt organizations with
columns (a) through (e) that is disallowed because the business UBTI - add line 22 and line 23. Enter the total. This is the total
changed ownership. available credit for new employment for qualified employment
Line 20 positions that may be applied to the current year's tax liability.
Subtract columns (a) through (e) of line 19 from columns (a) Individuals that did not make the Small Business Income
through (e) of line 18. Enter the difference in each column. election: Enter this amount on Form 301, Part 1, line 19,
Line 21 column (c).
Add the amounts from columns (a) through (e) on line 20. Enter Individuals that made the Small Business Income election: Enter
the total. This is the total credit for new employment carryover this amount on Form 301-SBI, Part 1, line 14, column (c).
from prior taxable years. C Corporations, S Corporations that elected to claim the
credit at the corporate level, and exempt organizations with
Part 7 - Total Available Credit UBTI: Enter this amount on Form 300, Part 1, line 13,
Line 22 column (c).
Individuals, C Corporations, S Corporations that elected to claim
the credit at the corporate level, and exempt organizations with
UBTI - enter the amount from Part 3, line 13, column (b).
Partnerships -enter “0”.
S Corporations that elected to pass the current year credit through
to shareholders - enter “0”.
This is the current year's credit for new employment.
Individuals that did not make the Small Business Income
election: Enter this amount on Form 301, Part 1, line 19, column
(a).
Individuals that made the Small Business Income election: Enter
this amount on Form 301-SBI, Part 1, line 14, column (a).
C Corporations, S Corporations that elected to claim the credit at
the corporate level, and exempt organizations with UBTI E: nter
this amount on Form 300, Part 1, line 13, column (a).

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Arizona Form 345

FORM 345-1 Example: XYZ Company began operations on January 1, 2019
and hired Employee A, B, and C at a different time period for the
Employees at Business Location
same qualified employment position that qualifies for the credit for
Complete Form 345-1 for each employee at the business location,
new employment. XYZ Company is a calendar year filer.
WHETHER OR NOT THE EMPLOYEE IS IN A QUALIFIED EMPLOYMENT
POSITION. Employee Hire Date Termination Date
Employee A May 1, 2020 January 31, 2022
NOTE: A.R.S. § 41-1525(E)(2) provides for the information
Employee B March 1, 2022 October 31, 2022
requested in Form 345-1 to be submitted in a manner prescribed
Employee C December 1, 2022 December 31, 2022
by ADOR, including electronic media. ADOR will accept a hard
copy spreadsheet that contains all the requested information or Tax year 2020 (credit year 1): XYZ Company was eligible to claim
the information may be submitted on electronic media as a a credit for Employee A for the qualified employment position.
Microsoft Excel spreadsheet on a CD-ROM or DVD (CD/DVD).
Tax year 2022 (credit year 2): XYZ Company is eligible to claim
The information must be filed on or before the due date of the tax only one credit for one employee (Employee A, Employee B, OR
return, including any extensions. Taxpayers submitting the Employee C) for the same qualified employment position. The
information on CD/DVD should secure the CD/DVD in a hard total time the position was vacant from the date the position was
case and include it with the tax return. Forms 345-1 submitted on originally filled to the end of the current taxable year totals 58
CD/DVD are part of the income tax return and are subject to the days (28 days in February plus 30 days in November), which is
sworn statement on the return that they are true and correct to the less than 90 days.
best of the signer’s knowledge and belief. Tax year 2022 (credit year 3): XYZ Company is eligible to claim a
The CD/DVD should be labeled as Form 345-1 with the credit for Employee C.
taxpayer’s name, EIN, and taxable year. Line 4a
Taxpayers may password protect the CD/DVD and email the Enter the date the employee was hired. If the employee was
password separately to MediaLibrarian@azdor.gov. Include previously employed, enter the date the employee was re-hired.
“Form 345-1” in the subject line of the email. In the body of the
email, include the same information that is on the CD/DVD label. Line 4b
If the employee was terminated before the end of the taxable year,
ADORwill notreturn or copy any media.
enter the employee's termination date.
CAUTION: The taxpayer substitutes the CD/DVD at its own risk
and understands that the information may need to be provided to Line 4c
ADOR again at a later date if it is not accessible by ADOR for any If the employee was terminated and replaced by a new hire in the
same qualified employment position, check the “Yes” box and
reason.
enter the name of the new hire, his or her SSN and hire date.
Line 1
Complete these lines 5a and 5b if the employee was previously
Enter the employee’s first and last name. employed by the business (prior to the current employment).
Line 2 Line 5a
Enter the employee’s SSN. If the employee was previously employed by the business, enter
Line 3a the date the employee was previously hired.
Check the box to indicate the credit year for which you are Line 5b
claiming this employee: “First”; “Second”; “Third”; or “Not If the employee was previously employed by the business, enter
qualified for credit, or fourth year or more.” the employee’s date of separation.
Line 3b NOTE: Complete line 5c and line 5d if the employee relocated
If this employee replaced another employee who left a from out-of-state.
qualified employment position during the second or third year
that you are claiming the credit, check the “Yes” box. If not, Line 5c
check the “No” box. If the employee relocated from out of state, check the “Yes” box.
Line 3c If not, check the “No” box.
If you answered “Yes” to the question on line 3b, and the Line 5d
total time this position was vacant from the date the position If the employee relocated from out of state, enter the date the
was originally filled to the end of the current taxable year was employee relocated.
90 days or less, check the “Yes” box. If the position was
Line 6a
vacant for more than 90 days, check the “No” box.
Check the “Yes” box if this employee is in a permanent position
Line 3d consisting of at least 1750 hours per year. If this employee is not
If the answer to the question on line 3c is “Yes”, enter the name of in a permanent position consisting of at least 1750 hours per year,
the replaced employee, his or her SSN, and termination date. check the “No” box.

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Arizona Form 345

Line 6b FORM345-2
If you checked the “Yes” box on line 6a, enter the number of Employees in Qualified Employment Positions
hours worked by this employee. Include paid time off for holidays,
List each employee in a qualified employment position. Do
vacation, or sick. Do not include bonuses or overtime. not list employees that are not in a qualified employment
Line 7 position.
If this employee’s job duties are performed primarily at the Lines 1 through 23
location(s) of your business, check the “Yes” box. If not, check
Complete lines 1 through 23 as follows:
the “No” box. a) Enter the employee’s name in column (a);
Line 8a b) Enter the employee’s SSN in column (b);
Enter this employee’s annual compensation for the taxable year. c) If the employee is:
Line 8b • A first year employee, check box (c1);
• A second year employee, check box (c2);
Enter this employee’s hourly wage rounded to the nearest cent.
• A third year employee, check box (c3);
Line 9a d) Check box (d) if the employee’s position is included in
Enter the total cost of this employee’s insurance premium or the count for the credit for Qualified Employment
membership cost. If your business is self-insured, enter the Positions.
predetermined fixed cost for this employee’s insurance coverage. NOTE:
NOTE: The predetermined fixed cost must be payable whether • The number of employees for which you are claiming
this employee files a claim or not. second year credits for this taxable year cannot exceed
the number of employees for whom you claimed first year
Line 9b
credits in the prior taxable year.
Enter the total amount of the insurance premium or membership
• The number of employees for which you are claiming
cost you paid as the employer. third year credits for this taxable year cannot exceed the
Line 10 number of employees for whom you claimed second year
If this employee is in a new qualified employment position, check credits in the prior taxable year.
the “Yes” box. If not, check the “No” box. Line 24
Line 11a Count the checkmarks on lines 1 through 23 for each column, (c1)
If this employee was substituted for another employee in a through (c3), only if there is a checkmark in column (d) for that
qualified employment position, check the “Yes” box. If not, check column and line. Enter the count in the corresponding column
the “No” box. (c1) through (c3).
Line 11b • Enter the amount in column (c1) on Form 345, Part 3,
If the “Yes” box on line 11a is checked, enter the date of line 8, column (a).
substitution. Also, check either the box “Second year employee”, • Enter the amount in column (c2) on Form 345, Part 3,
or “Third year employee” to indicate this employee is a second line 9, column (a).
year employee or a third year employee. • Enter the amount in column (c3) on Form 345, Part 3,
line 10, column (a).
NOTE: Arizona law does not require that the employee who is
claimed in the second or third year of continuous employment be NOTE: If you are claiming this credit for more than 23
the same employee who was claimed in the first or second year of employees in qualified employment positions for this business
employment. Therefore, if one of the originally claimed new location, include additional schedules.
employees leaves employment, the business can claim the
subsequent years’ credits for another employee in a qualified
employment position who is in the same year of continuous
employment as the departed employee.

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Arizona Form 345

Form 345-P, Form 345-S, S Corporation
Distribution to Partners of a Partnership Distribution to Shareholders of an S
Enter the taxable year for which this credit is being passed Corporation

through to your partners. Enter the taxable year for which this credit is being passed
Complete Form 345-P for each partner of the partnership, through to your shareholders.
except for trust or estate partners. However, a partnership Complete Form 345-S for each shareholder of the S
ownership share that is owned by a grantor trust that is Corporation, except for trust or estate shareholders.
disregarded for federal income tax purposes is treated as However, an S Corporation ownership share that is owned by
owned by the grantor. The grantor may claim his or her share a grantor trust that is disregarded for federal income tax
of the credit. purposes is treated as owned by the grantor. The grantor may
The partnership must furnish each partner with their claim his or her share of the credit.
completed copy of Form 345-P, including additional The S Corporation must furnish each shareholder with a
schedules as needed. completed copy of Form 345-S, including additional
Distribution of the Credit schedules as needed.
Line 1 Distribution of the Credit
Enter the partnership name and EIN in the spaces provided. Line 1
Line 2 Enter the S Corporation name and EIN in the spaces
provided.
Enter the partner’s name and TIN in the spaces provided.
Line 3a Line 2
Enter the amount of this credit from Form 345, Part 3, Enter the shareholder’s name and TIN in the spaces provided.
line 13. Line 3a
Line 3b Enter the amount of this credit from Form 345, Part 3,
Enter the partner’s ownership percentage. line 13.
Line 3c Line 3b
Enter the shareholder’s ownership percentage.
Multiply line 3(a) by line 3(b) and enter the result.
Line 3c
This is the partner’s portion of this credit.
Multiply line 3(a) by line 3(b) and enter the result.

This is the shareholder’s portion of this credit.

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