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Arizona Credit for Investment in Qualified Small Business
Extracted from PDF file 2023-arizona-form-338.pdf, last modified September 2020Credit for Investment in Qualified Small Business
Arizona Form 338 Credit for Investment in Qualified Small Businesses 2023 Include with your return. For the calendar year 2023 or fiscal year beginning M M D D 2 0 2 3 and ending M M D D Y Y Y Y . Your Name as shown on Form 140, 140PY, 140NR, 140X, 140-SBI, 140NR-SBI, 140PY-SBI, 140X-SBI, 120S or 165 Your Social Security or EIN Spouse’s Name as shown on Form 140, 140PY, 140NR, 140X, 140-SBI, 140NR-SBI, 140PY-SBI or 140X-SBI (if a joint return) Spouse’s Social Security Number NOTE: For the year in which the credit is available, you must file your return claiming the credit by the original due date or the extended due date of your return. If you fail to claim this credit for the taxable year on a timely filed return, the credit for that taxable year expires and no carryover will be allowed. Part 1 Current Year’s Credit 1 Amount of credit for taxable year 2023 shown on the Arizona Commerce Authority's Authorization of Tax Credits ..................................................................................................................................................... To be eligible for the credit, you must include a copy of the Arizona Commerce Authority's Authorization of Tax Credits with your return. 2 Amount of pass-through credit from Partnerships: Enter the amount from Form 338-P, Part 2, line 4.......... 3 Amount of pass-through credit from S Corporations: Enter the amount from Form 338-S, Part 2, line 4...... 4 Total Credit: Add lines 1, 2 and 3. Enter the total.......................................................................................... Part 2 Partnership: Individual Partner’s Share of Credit Part 3 S Corporation: Individual Shareholder’s Share of Credit Part 4 Available Credit Carryover 1 00 2 3 4 00 00 00 Partnerships: • Complete a separate Form 338-P for each partner. • Furnish each partner with a copy of the completed Form 338-P and copy of Arizona Commerce Authority’s Authorization of Tax Credits. S Corporations: • Complete a separate Form 338-S for each individual shareholder. • Furnish each individual shareholder with a copy of the completed Form 338-S and copy of Arizona Commerce Authority’s Authorization of Tax Credits. (a) Taxable Year from which you are carrying the credit 5 6 7 (b) Original Credit Amount 2020 2021 2022 (c) Amount Previously Used Subtract column (c) from column (b). 00 00 00 00 00 00 8 Total Available Carryover: Add lines 5 through 7, column (d).................. Part 5 (d) Available Carryover: 8 00 00 00 00 Total Available Credit 9 Current Year's Credit: Enter the amount from Part 1, line 4 • If you did not make the Small Business Income election: Enter this amount on Form 301, Part 1, line 14, column (a). • If you made the Small Business Income election: Enter this amount on Form 301-SBI, Part 1, line 10, column (a)...................................................................................................................................... 9 10 Available credit carryover from Part 4, line 8, column (d). • If you did not make the Small Business Income election: Enter this amount on Form 301, Part 1, line 14, column (b). • If you made the Small Business Income election: Enter this amount on Form 301-SBI, Part 1, line 10, column (b)....................................................................................................................................... 10 11 Total Available Credit: Add lines 9 and 10. Enter the total. • If you did not make the Small Business Income election: Enter this amount on Form 301, Part 1, line 14, column (c). • If you made the Small Business Income election: Enter this amount on Form 301-SBI, Part 1, line 10, column (c)....................................................................................................................................... 11 ADOR 10371 (23) Print Page 00 00 00
Arizona Form 338
More about the Arizona Form 338 Corporate Income Tax Tax Credit TY 2023
We last updated the Credit for Investment in Qualified Small Business in February 2024, so this is the latest version of Form 338, fully updated for tax year 2023. You can download or print current or past-year PDFs of Form 338 directly from TaxFormFinder. You can print other Arizona tax forms here.
Other Arizona Corporate Income Tax Forms:
TaxFormFinder has an additional 95 Arizona income tax forms that you may need, plus all federal income tax forms.
| Form Code | Form Name |
|---|---|
| Schedule ACA | Schedule ACA - Air Carrier Apportionment |
| Form 120S | Arizona S Corporation Income Tax Return |
| Form 165 | Arizona Partnership Income Tax Return |
| Form 141AZ | Arizona Fiduciary Income Tax Return |
| 165 Schedule K-1 | Schedule K-1 Resident Partner's Share of Adjustment to Partnership Income |
View all 96 Arizona Income Tax Forms
Form Sources:
Arizona usually releases forms for the current tax year between January and April. We last updated Arizona Form 338 from the Department of Revenue in February 2024.
Form 338 is an Arizona Corporate Income Tax form. States often have dozens of even hundreds of various tax credits, which, unlike deductions, provide a dollar-for-dollar reduction of tax liability. Some common tax credits apply to many taxpayers, while others only apply to extremely specific situations. In most cases, you will have to provide evidence to show that you are eligible for the tax credit, and calculate the amount of the credit to which you are entitled.
About the Corporate Income Tax
The IRS and most states require corporations to file an income tax return, with the exact filing requirements depending on the type of company.
Sole proprietorships or disregarded entities like LLCs are filed on Schedule C (or the state equivalent) of the owner's personal income tax return, flow-through entities like S Corporations or Partnerships are generally required to file an informational return equivilent to the IRS Form 1120S or Form 1065, and full corporations must file the equivalent of federal Form 1120 (and, unlike flow-through corporations, are often subject to a corporate tax liability).
Additional forms are available for a wide variety of specific entities and transactions including fiduciaries, nonprofits, and companies involved in other specific types of business.
Historical Past-Year Versions of Arizona Form 338
We have a total of ten past-year versions of Form 338 in the TaxFormFinder archives, including for the previous tax year. Download past year versions of this tax form as PDFs here:
2012 Form 338
Arizona Form 338
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