This document contains official instructions for Form N-350 , Cesspool Upgrade, Conversion or Connection Income Tax Credit - a form released and collected by the Hawaii Department of Taxation. An up-to-date fillable Form N-350 is available for download through this link.
Q: What is Form N-350?
A: Form N-350 is a tax form used in Hawaii to claim an income tax credit for upgrading, converting, or connecting a cesspool.
Q: What is a cesspool?
A: A cesspool is an underground tank or pit used for the disposal of wastewater or sewage.
Q: What is the purpose of the income tax credit?
A: The income tax credit is designed to encourage homeowners in Hawaii to upgrade their cesspools to more environmentally friendlywaste disposal systems.
Q: Who is eligible for the income tax credit?
A: Homeowners who have upgraded, converted, or connected their cesspools between January 1, 2016, and December 31, 2025, are eligible for the tax credit.
Q: How much is the income tax credit?
A: The tax credit is equal to 50% of the costs incurred for the upgrade, conversion, or connection, up to a maximum of $10,000 per qualified improvement.
Q: How do I claim the income tax credit?
A: To claim the tax credit, you need to complete and file Form N-350 with your Hawaii state tax return.
Q: Are there any documentation requirements?
A: Yes, you must provide documentation that proves the costs incurred for the cesspool upgrade, conversion, or connection, such as receipts or invoices.
Q: What is the deadline for filing Form N-350?
A: Form N-350 must be filed with your Hawaii state tax return by the due date, which is usually April 20th for most taxpayers.
Q: Can I claim the income tax credit for multiple cesspool upgrades?
A: Yes, you can claim the tax credit for each qualified improvement, as long as each upgrade, conversion, or connection meets the eligibility requirements.
Q: What if I have already claimed the income tax credit in a previous year?
A: If you have already claimed the tax credit in a previous year, you cannot claim it again for the same improvement.
Instruction Details:
Download your copy of the instructions by clicking the link below or browse hundreds of other forms in our library of forms released by the Hawaii Department of Taxation.