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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-354
for the current year.
Form N-354 Organic Foods Production Tax Credit - Hawaii
What Is Form N-354?
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-354?
A: Form N-354 is the Organic FoodsProduction Tax Credit form for Hawaii.
Q: What is the Organic Foods Production Tax Credit?
A: The Organic Foods Production Tax Credit is a tax credit available for organic food producers in Hawaii.
Q: Who is eligible for the Organic Foods Production Tax Credit?
A: Organic food producers in Hawaii who are certified by the Hawaii Department of Agriculture are eligible for the tax credit.
Q: What is the purpose of Form N-354?
A: Form N-354 is used to claim the Organic Foods Production Tax Credit.
Q: What information is required on Form N-354?
A: Form N-354 requires information about the organic food production activities, gross sales, and expenses of the taxpayer.
Q: When is Form N-354 due?
A: Form N-354 is due on or before the 20th day of the 4th month following the close of the tax year.
Q: How much is the Organic Foods Production Tax Credit?
A: The tax credit amount is determined based on the eligible expenses and the taxpayer's gross sales of organic food.
Q: Can the Organic Foods Production Tax Credit be carried forward or back?
A: Yes, the tax credit can be carried forward for up to 7 years or carried back for up to 3 years.
Q: Are there any limitations or restrictions for claiming the Organic Foods Production Tax Credit?
A: Yes, there are certain limitations and restrictions, such as a cap on the total amount of tax credits that can be claimed in a single year.
Form Details:
- Released on November 1, 2020;
- 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-354 by clicking the link below or browse more documents and templates provided by the Hawaii Department of Taxation.
Download Form N-354 Organic Foods Production Tax Credit - Hawaii
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