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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-586
for the current year.
Form N-586 Tax Credit for Low-Income Housing - Hawaii
What Is Form N-586?
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-586?
A: Form N-586 is a tax credit form for low-income housing in Hawaii.
Q: What is the purpose of Form N-586?
A: Form N-586 is used to claim tax credits for low-income housing projects in Hawaii.
Q: Who can use Form N-586?
A: Developers and sponsors of low-income housing projects in Hawaii can use Form N-586.
Q: What is the eligibility criteria for the tax credit?
A: To be eligible for the tax credit, the low-income housing project must meet certain requirements set by the Hawaii Housing Finance and Development Corporation.
Q: How much is the tax credit?
A: The amount of tax credit available varies depending on the number of qualified low-income housing units in the project.
Q: When is the deadline to file Form N-586?
A: The deadline to file Form N-586 is typically April 20th of the year following the tax credit year.
Q: Are there any other forms or documents required to be filed along with Form N-586?
A: Yes, you may be required to submit additional supporting documentation to verify the eligibility and compliance of the low-income housing project.
Q: Can I claim the tax credit for a project in a different state?
A: No, Form N-586 is specific to low-income housing projects in Hawaii.
Form Details:
- Released on January 1, 2019;
- 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-586 by clicking the link below or browse more documents and templates provided by the Hawaii Department of Taxation.
Download Form N-586 Tax Credit for Low-Income Housing - Hawaii
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