Small Business Income Forms

On July 9, 2021 Governor Ducey signed into law Senate Bill 1783 establishing Title 43 Chapter 17 (Small Businesses, which provides for an alternative tax for Arizona small business income. Beginning with tax year 2021, a taxpayer may elect to file a separate small business income tax return (Form 140-SBI, 140NR-SBI or 140PY-SBI) to report the their share of Arizona small business gross income.

The SBI tax return must be filed with the regular income tax return to be accepted. If the taxpayer does not file both returns together, the election may be denied and the adjustment to federal adjusted gross income may be disallowed.

The same taxpayer information and address is required on both Form 140 and Form 140-SBI to be validated and processed.

File Form 140 and Form 140-SBI with the same filing status. If filing married filing separate returns, enter the name and social security number of the spouse. If filing married filing joint returns, include all income.

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Category Form Number Title
Payment Vouchers AZ-140V-SBI Arizona Individual Income Tax Payment Voucher for Electronic Filing of Form 140-SBI
Small Business Income Forms 131-SBI Claim for Refund on Behalf of Deceased Taxpayer For Forms 140-SBI, 140NR-SBI, 140PY-SBI and 140X-SBI
Small Business Income Forms 140-SBI Small Business Income Tax Return (140-SBI)
Small Business Income Forms 140ES-SBI Individual Estimated Income Tax Payment Small Business Income Tax Return
Small Business Income Forms 140NR-SBI Small Business Income Tax Return (140NR-SBI)
Small Business Income Forms 140PY-SBI Small Business Income Tax Return (140PY-SBI)
Small Business Income Forms 140X-SBI Small Business Amended Income Tax Return For Forms 140-SBI, 140NR-SBI and 140PY-SBI
Small Business Income Forms 204-SBI Extension Payment Small Business Income Tax Returns Only
Small Business Income Forms 204E-SBI Extension (Electronic) Payment Small Business Income Tax Returns Only
Small Business Income Forms 221-SBI Underpayment of Estimated Tax for Small Business Income
Small Business Income Forms 301-SBI Nonrefundable Individual Tax Credits and Recapture for Form 140-SBI, 140PY-SBI, 140NR-SBI or 140X-SBI
Small Business Income Forms 309-SBI Credit for Taxes Paid to Another State or Country For Forms 140-SBI, 140NR-SBI and 140PY-SBI
Small Business Income Forms AZ-140V-SBI Arizona Individual Income Tax Payment Voucher for Electronic Filing of Form 140-SBI
Small Business Income Forms SBI Booklet Small Business Income Tax Booklet