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This version of the form is not currently in use and is provided for reference only. Download this version of
Arizona Form 338 (ADOR10371)
for the current year.
Arizona Form 338 (ADOR10371) Credit for Investment in Qualified Small Businesses - Arizona
What Is Arizona Form 338 (ADOR10371)?
This is a legal form that was released by the Arizona Department of Revenue - a government authority operating within Arizona. Check the official instructions before completing and submitting the form.
FAQ
Q: What is Arizona Form 338?
A: Arizona Form 338 is a tax form used in Arizona to claim the Credit for Investment in Qualified Small Businesses.
Q: What is the purpose of Arizona Form 338?
A: The purpose of Arizona Form 338 is to provide a tax credit for individuals or businesses that invest in qualified small businesses in Arizona.
Q: How do I qualify for the Credit for Investment in Qualified Small Businesses?
A: To qualify for the credit, you must make a qualified investment in a qualified small business in Arizona.
Q: What is a qualified small business?
A: A qualified small business is a business that meets certain criteria, such as being engaged in a qualified business activity and having a certain number of employees.
Q: What is a qualified investment?
A: A qualified investment is an investment in a qualified small business that meets certain criteria, such as being made with cash or property and being made for the purpose of conducting a qualified business activity.
Q: How much is the tax credit?
A: The amount of the tax credit is generally 10% of the qualified investment, up to a maximum of $20,000 per taxpayer per taxable year.
Q: How do I claim the tax credit?
A: You must complete and file Arizona Form 338 along with your Arizona state tax return.
Q: Are there any limitations or restrictions on the tax credit?
A: Yes, there are certain limitations and restrictions on the tax credit, such as a maximum credit amount per taxpayer per taxable year and a limit on the total amount of credits that can be claimed by all taxpayers in a given year.
Q: Is the tax credit refundable?
A: No, the tax credit is not refundable. It can only be used to offset your Arizona state tax liability.
Form Details:
- The latest edition provided by the Arizona Department of Revenue;
- Easy to use and ready to print;
- Quick to customize;
- Compatible with most PDF-viewing applications;
- Fill out the form in our online filing application.
Download a fillable version of Arizona Form 338 (ADOR10371) by clicking the link below or browse more documents and templates provided by the Arizona Department of Revenue.
