This version of the form is not currently in use and is provided for reference only. Download this version of Instructions for Form N-352 for the current year.
This document contains official instructions for Form N-352 , Renewable Fuels Production Tax Credit - a form released and collected by the Hawaii Department of Taxation. An up-to-date fillable Form N-352 is available for download through this link.
Q: What is Form N-352?
A: Form N-352 is a tax form specific to Hawaii that is used to claim the Renewable Fuels Production Tax Credit.
Q: What is the Renewable Fuels Production Tax Credit?
A: The Renewable Fuels Production Tax Credit is a tax credit in Hawaii that incentivizes the production of renewable fuels.
Q: Who is eligible to claim the Renewable Fuels Production Tax Credit?
A: Eligible taxpayers in Hawaii who produce renewable fuels are eligible to claim this tax credit.
Q: What are the requirements to qualify for the Renewable Fuels Production Tax Credit?
A: To qualify, taxpayers must meet certain criteria, such as producing fuel from renewable sources and meeting production volume thresholds.
Q: How do I claim the Renewable Fuels Production Tax Credit?
A: To claim the tax credit, taxpayers must complete and submit Form N-352 along with their annual tax return.
Q: Is there a deadline to submit Form N-352?
A: Yes, the deadline to submit Form N-352 is typically the same as the deadline for filing your annual tax return in Hawaii.
Q: Is the Renewable Fuels Production Tax Credit refundable?
A: Yes, the tax credit is refundable, meaning that if the credit exceeds your tax liability, you may receive a refund for the excess amount.
Q: Are there any limitations or restrictions on the Renewable Fuels Production Tax Credit?
A: Yes, there are certain limitations and restrictions, such as caps on the credit amount and requirements for maintaining records and documentation.
Q: Can I claim the Renewable Fuels Production Tax Credit in addition to other tax credits?
A: Yes, you may be able to claim the Renewable Fuels Production Tax Credit in addition to other tax credits, as long as you meet the eligibility criteria for each credit.
Instruction Details:
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