334: Credit for Motion Picture Production Costs (2025)
Arizona · Arizona DOR · Used for tax years 2025
Arizona Form 334 reports the Credit for Motion Picture Production Costs approved by the Arizona Commerce Authority, including credits passed through from partnerships and S corporations. It also reports credit recapture and lets S corporations elect to claim the credit or pass it
Who files this form
Use Form 334 to report the Credit for Motion Picture Production Costs you are entitled to claim for 2025, including credits passed through from partnerships or S corporations. The form also includes sections for credit recapture.
The form covers individuals, C corporations, S corporations, and exempt organizations with unrelated business taxable income (UBTI).
Partnerships and limited liability companies taxed as partnerships that pass the credit to partners must complete Form 334-P for each partner. S corporations and limited liability companies taxed as S corporations that pass the credit to shareholders must complete Form 334-S for each shareholder.
What you'll need
- Your completed Form 334 and the Post-Approval from the Arizona Commerce Authority. Include both with your return.
- Post-Approval information for each production: program calendar year, production name, priority placement number, and approved credit amount.
- Additional schedules if you have more than two motion pictures.
- Form 334-P or Form 334-S, as applicable, for credits or recapture amounts passed through to you.
- For recapture, the priority placement number, recapture date, amount, and tax year or years when the credit was claimed. Include a schedule if more than one credit was recaptured.
How to file
Include completed Form 334 and the Arizona Commerce Authority Post-Approval with your tax return.
- List approved productions and any passed-through credits in Part 1. Add lines 1 through 5 to calculate the total credit on line 6.
- Complete the recapture sections, Parts 2 and 5, if applicable.
- Complete Part 3 for partnership pass-throughs or Part 4 for the S corporation election, as applicable.
- Complete Part 6 and enter the credit on the return and line specified there for your filer type. Partnerships and S corporations electing to pass the credit to individual shareholders enter zero on line 16.
If passing the credit through, give each partner or shareholder their completed Form 334-P or Form 334-S and a copy of the Post-Approval. Include copies of the completed pass-through forms with your return and keep copies for your records.
Common mistakes
- Leaving out the Arizona Commerce Authority Post-Approval. The form says to include it with your completed Form 334 and return.
- Listing more than two productions without additional schedules.
- Checking both S corporation election boxes. Part 4 says to check only one, and the election is irrevocable.
- Forgetting to provide pass-through forms and Post-Approval copies to partners or shareholders, attach the pass-through forms to the return, or keep copies for your records.
Questions people ask
What if I have more than two motion pictures?
Include additional schedules and enter their total on Part 1, line 3.
Where do I report a credit passed through to me?
Enter partnership credits from Form 334-P, Part 1, line 3c, on Form 334, line 4. Enter S corporation credits from Form 334-S, Part 1, line 3c, on line 5.
Can an S corporation claim the credit instead of passing it through?
Part 4 allows an S corporation or an LLC taxed as an S corporation to elect either to claim the credit or pass it through to shareholders. Check only one box. The election is irrevocable for the indicated taxable year.
What if more than one credit was recaptured?
Enter the total of all recaptured credits on Part 2, line 9, and include a schedule. Lines 10 and 11 separately report recapture amounts passed through from partnerships and S corporations.