Arizona Form  Additional Credit for Increased Research Activities for 
                             Basic Research Payments – Distribution to Partners of a                                                                2021
               346-P                                      Partnership

  For the calendar year 2021 or fiscal year beginning     M M D D 2 0 2 1  and ending            M M D D Y Y Y Y  .

Partnership:
  • Complete Form 346-P for each partner of the partnership except for trust or estate partners. However, 
  a partnership ownership share that is owned by a grantor trust that is disregarded for federal income tax 
  purposes is treated as owned by the grantor.  The grantor may claim his or her share of the credit.
  • Include a copy of this form with your return.
  • Provide a copy of the completed form and the Letter of Approval received from the Arizona Department of 
  Revenue to each partner.
  • Keep a copy of each completed Form 346-P for your records.

Partner:
  • Use this form to complete your own Form 346.
  • Include this completed form and a copy of the Letter of Approval received from the Arizona Department of 
  Revenue with your return.
  • Keep a copy of this form and letters for your records.

NOTE:  If you file your tax return on a calendar year basis but this entity files a return on a fiscal year basis (see above), 
       claim this credit on your tax return for the year in which this entity’s fiscal year ends.

Part 1  Partnership and Partner Information
  (a) Partnership Name                                        (b) Employer Identification Number (EIN)
1
  (a) Partner Name                                            (b) Taxpayer Identification Number (TIN) (c) Proportionate Share
2                                                                                                                                                   %

Part 2  Distribution of the Credit Passed Through
3 Enter the total amount of the partnership’s credit from Part 3, line 12 of the partnership’s 
  Form 346 .................................................................................................................................... 3 $     00
4 Partner’s portion of the partnership research and development credit:  Multiply line 3 by the 
  partner’s proportionate share shown on line 2(c). Enter the result. ............................................ 4                              $     00
  Partners:  Enter the amount from line 4 on your Form 346, Part 2, line 10.

ADOR 11283 (21)