Arizona Credit for Investment in Qualified Small Business

Credit for Investment in Qualified Small Business
Arizona Form 338
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)

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