Arizona has created a new deduction from the gross receipts from sales of electricity and natural gas to a business that is principally engaged in a manufacturing or smelting operation, if at least 51% of the electricity or natural gas is used in the manufacturing or smelting operation. The exemption is effective August 1, 2014. Qualified utility companies are required to obtain the new Form 5014, Exemption Certificate for Electricity and Natural Gas Primarily Used in Manufacturing and Smelting Operations, in order to claim the deduction.The form requires disclosure of revenues, number of employees, operating costs, square footage and quantity of electricity for the business in total and from manufacturing or smelting operations.(Release, Arizona Department of Revenue, July 17, 2014)