This version of the form is not currently in use and is provided for reference only. Download this version of Form N-354 for the current year.
This is a legal form that was released by the Hawaii Department of Taxation - a government authority operating within Hawaii. As of today, no separate filing guidelines for the form are provided by the issuing department.
Q: What is Form N-354?
A: Form N-354 is a tax form used in Hawaii to claim the Organic Foods Production Tax Credit.
Q: What is the Organic Foods Production Tax Credit?
A: The Organic Foods Production Tax Credit is a credit available in Hawaii for farmers who produce organic food.
Q: Who is eligible to claim the Organic Foods Production Tax Credit?
A: To be eligible for the Organic Foods Production Tax Credit, a farmer must be certified by a USDA-accredited certifying agent.
Q: How much is the Organic Foods Production Tax Credit?
A: The amount of the credit is based on the eligible expenses incurred for organic food production, up to a maximum of $50,000 per taxpayer.
Q: What expenses are eligible for the Organic Foods Production Tax Credit?
A: Expenses such as certification fees, seed costs, and equipment purchases for organic food production may be eligible for the credit.
Q: How do I claim the Organic Foods Production Tax Credit?
A: To claim the credit, farmers in Hawaii must file Form N-354 with their state tax return.
Q: Are there any deadlines for claiming the Organic Foods Production Tax Credit?
A: Yes, the deadline to claim the credit is the same as the deadline for filing your Hawaii state tax return.
Q: Can I claim the Organic Foods Production Tax Credit if I am not a farmer?
A: No, the credit is only available to farmers who produce organic food in Hawaii.
Q: Is the Organic Foods Production Tax Credit available in other states?
A: This tax credit is specifically for organic food production in Hawaii and may not be available in other states.
Form Details:
Download a fillable version of Form N-354 by clicking the link below or browse more documents and templates provided by the Hawaii Department of Taxation.