INSTRUCTIONS: ARIZONA CREDIT FOR INVESTMENT IN QUALIFIED SMALL BUSINESSES (Form 338) To obtain tax credit for investing in qualified small businesses in Arizona, you must file a form 338. This document can be obtained from the website maintained by the Arizona Department of Revenue. Arizona Credit For Investment In Qualified Small Businesses 338 Step 1: If not filing for the calendar year printed on the form, enter the beginning and ending dates of your fiscal year. Arizona Credit For Investment In Qualified Small Businesses 338 Step 2: Enter your name as it appears on your 140, 140PY, 140NR, 140X, 120S or 165 return. Arizona Credit For Investment In Qualified Small Businesses 338 Step 3: Enter your Social Security number or Employer Identification Number. Arizona Credit For Investment In Qualified Small Businesses 338 Step 4: On line 1 of Part I, enter the amount of credit you have for the taxable year in question as shown on the Authorization of Tax Credits form issued by the Arizona Commerce Authority. You must attach a copy of this document. Arizona Credit For Investment In Qualified Small Businesses 338 Step 5: Part II concerns each individual shareholder in an S Corporation's share of the credit. Enter their name on line 2, their Social Security number on line 3, and their share of the credit on line 4. This section must be completed separately for each applicable shareholder. Arizona Credit For Investment In Qualified Small Businesses 338 Step 6: Part III concerns each individual partner in a partnership's share of the credit. Enter each partner's name on line 5, their Social Security number on line 6, and their share of the credit on line 7. This section must be completed separately for each partner. Arizona Credit For Investment In Qualified Small Businesses 338 Step 7: Part IV requires you to document the available credit carryover from the previous three years. Enter the original credit amount in column b and the amount previously used in column c. Subtract column c from column b and enter the resulting difference in column d. Total the values in column d and enter the sum on line 11. Arizona Credit For Investment In Qualified Small Businesses 338 Step 8: Part V calculates your total available credit. Follow the directions on lines 12 through 14 to complete this section.