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This version of the form is not currently in use and is provided for reference only. Download this version of
Form N-30 Schedule P
for the current year.
Form N-30 Schedule P Apportionment Formula - Hawaii
What Is Form N-30 Schedule P?
This is a legal form that was released by the Hawaii Department of Taxation - a government authority operating within Hawaii. Check the official instructions before completing and submitting the form.
FAQ
Q: What is Form N-30 Schedule P?
A: Form N-30 Schedule P is a tax form used in Hawaii to calculate the apportionment of income for multi-state corporations.
Q: What is the apportionment formula?
A: The apportionment formula is used to determine the portion of a corporation's income that is taxable in Hawaii based on its business activities in the state.
Q: What is the purpose of the apportionment formula?
A: The purpose of the apportionment formula is to ensure that corporations are only taxed on the portion of their income that is attributable to their activities in Hawaii.
Q: How is the apportionment formula calculated?
A: The apportionment formula is calculated by using a three-factor formula that takes into account the corporation's sales, property, and payroll in Hawaii compared to its total sales, property, and payroll everywhere.
Q: Why is the apportionment formula important?
A: The apportionment formula is important because it helps determine the amount of income that a corporation owes in taxes to Hawaii, based on its level of business activity in the state.
Form Details:
- Released on January 1, 2018;
- The latest edition provided by the Hawaii Department of Taxation;
- 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 Form N-30 Schedule P by clicking the link below or browse more documents and templates provided by the Hawaii Department of Taxation.
