Arizona Credit for Motion Picture Production Costs

Credit for Motion Picture Production Costs
Arizona Form 334
Arizona Form

2015

Motion Picture Credits

334

Include this completed form and your Commerce post-approval document with your return.
For the calendar year 2015 or fiscal year beginning M M D D 2 0 1 5 and ending M M D D 2 0 Y Y .
Name as shown on Form 140, 140PY, 140NR, 140X, 99T, 120, 120A, 120S, 120X or 165

Social Security or
Employer Identification Number

Individual Who Will Maintain Records of Expenditures in Arizona

Part 1
Name

Current Address – number and street

Phone Number (with area code)

City, Town or Post Office

State

ZIP Code

Listing of Post-Approved Productions

Part 2

Motion Picture Production Companies, complete this section. List completed productions for which you have
received Commerce post-approval. If you have more than two completed productions, include additional
schedules. See instructions.
(a)
Commerce Post-Approval Information

Part 3

(b)
Approved Credit Amount

(a)1
Allocation Year

(a)2
Post-Approval Date

1

YYYY

MM D D Y Y Y Y

00

2

YYYY

MM D D Y Y Y Y

00

(a)3
Post-Approval Number

3 Aggregate total from all additional schedules .........................................

3

00

4 TOTAL: Add lines 1 through 3 ...............................................................

4

00

S Corporation Credit Election and Shareholder’s Share of Credit
5 The S corporation has made an irrevocable election for the allocation year Y Y Y Y to (check only one box):




Claim the credit for motion picture production costs as shown on Part 2, line 4 (for the allocation year mentioned above);
OR
Pass the credit for motion picture production costs as shown on Part 2, line 4 (for the allocation year mentioned above)
through to its shareholders.

Signature

Title

Date

If passing the credit through to the shareholders, complete lines 6 through 9 separately for each shareholder. Furnish each shareholder
with a copy of pages 1 and 2 of Form 334. Provide each shareholder with a copy of the post-approval document from Commerce.
6 Name of shareholder:
7 Shareholder’s TIN:
8 Shareholder’s share of the available credit for motion picture production costs from Part 2, line 4...

8

00

9 Shareholder’s share of the amount of motion picture production expenses to be included as
Arizona income:
• Individual shareholders of an S corporation: If you are claiming this credit, you must include the
amount from Part 3, line 9 on your Arizona income tax return under “Other Additions” ..................

9

00

Continued on page 2 
ADOR 10709 (15)

Name (as shown on page 1)

Part 4

TIN

Partner’s Share of Credit

Complete lines 10 through 12 separately for each partner. Furnish each partner with a copy of pages 1 and 2 of Form 334. Provide each
partner with a copy of the post-approval document from Commerce.
10 Name of partner:
11 Partner’s TIN:
12 Partner’s share of the available credit for motion picture production costs for the allocation year
Y Y Y Y from Part 2, line 4 .......................................................................................................... 12

Part 5

00

Available Credit Carryover

Include Form(s) 334-1 to detail lines 15 and/or 18.

2010

13 Allocation year: See instructions ......................................................................................................

13

14 Original credit amount .......................................................................................................................

14

00

15 Credit transfers received: Include schedule .....................................................................................

15

00

16 Available credit: Add lines 14 and 15................................................................................................

16

00

17 Amount previously used ....................................................................................................................

17

Off 00

18 Credit transferred to other taxpayer(s): Include schedule ................................................................

18

Off 00

19 Amount unallowable: See instructions..............................................................................................

19

00

20 Available carryover: Subtract the sum of lines 17 through 19 from line 16 ......................................

20

00

21 TOTAL AVAILABLE CARRYOVER: Enter the amount from line 20.
• Corporations, exempt organizations with UBTI, and S corporation: Also enter this amount on
Form 300, Part 1, line 13, column (b).
• Individuals: Also enter this amount on Form 301, Part 1, line 19, column (b) ...............................

21

00

ADOR 10709 (15)

AZ Form 334 (2015)

Print 334

Page 2 of 2

Name (as shown on Form 334):

Form 334-1

TIN:

Schedule of Credit Transfers

Page

List the credit for motion picture production costs that you either received from other entities or transferred to other entities.

Part 1

Credits Received From Other Entities: List the credits other entities have transferred to you.

1 Name of Transferor

TIN

Name of Motion Picture Production Company

TIN

2 Name of Transferor

(a)
Commerce Post-Approval
Number

(b)
Transfer
Date

MM D D 2 0 Y Y

$

MM D D 2 0 Y Y

$

MM D D 2 0 Y Y

$

MM D D 2 0 Y Y

$
$

TIN

3 Name of Transferor

TIN

Name of Motion Picture Production Company

TIN

4 Name of Transferor

TIN

Name of Motion Picture Production Company

TIN

5 TOTAL: Add lines 1 through 4 in column (c) ...........................................................................................................................................................................

Credits Transferred to Other Entities: List the credits you transferred to other entities.

6 Name of Motion Picture Production Company

TIN

Name of Transferee
Commerce Post-Approval Number:

TIN
Transfer Date:

7 Name of Motion Picture Production Company

Commerce Post-Approval Number:

Transfer Date:

(c)
Amount of Credit
Transferred

(d)
Credit Balance

$

$

$

MM D D 2 0 Y Y

$

$

$

$

$

$

$
$

$
$

$
$

TIN

Name of Transferee

TIN
Transfer Date:

9 Name of Motion Picture Production Company

MM D D 2 0 Y Y
TIN

Name of Transferee
Commerce Post-Approval Number:

MM D D 2 0 Y Y

(b)
Amount of Credit
Available for Transfer

TIN

8 Name of Motion Picture Production Company

Commerce Post-Approval Number:

(a)
Latest Taxable Year
in Which
You Applied Credit

TIN

Name of Transferee

TIN
Transfer Date:

MM D D 2 0 Y Y

10 TOTAL: Add lines 6 through 9 in columns (b) through (d) ...................................................................................
ADOR 10710 (15)

(c)
Credit Received
from Transferor

TIN

Name of Motion Picture Production Company

Part 2

of

2015
Applies to allocation year: 2010

Print 334-1

Clear 334-1