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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-348
for the current year.
Form N-348 Capital Infrastructure Tax Credit - Hawaii
What Is Form N-348?
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-348?
A: Form N-348 is a form used to claim the Capital Infrastructure Tax Credit in Hawaii.
Q: What is the Capital Infrastructure Tax Credit?
A: The Capital Infrastructure Tax Credit is a tax credit available to qualified taxpayers who invest in eligible capital infrastructure projects in Hawaii.
Q: Who is eligible for the Capital Infrastructure Tax Credit?
A: Qualified taxpayers, including individuals, corporations, and partnerships, who invest in eligible capital infrastructure projects in Hawaii may be eligible for the tax credit.
Q: What are capital infrastructure projects?
A: Capital infrastructure projects include construction or improvements to public infrastructure, such as highways, airports, schools, and water utilities, that are approved by the State of Hawaii.
Q: How much is the Capital Infrastructure Tax Credit?
A: The tax credit is equal to 20% of the qualified costs of the capital infrastructure project.
Q: How can I claim the Capital Infrastructure Tax Credit?
A: To claim the tax credit, you must complete and submit Form N-348 along with any required documentation to the Hawaii Department of Taxation.
Q: Are there any limitations or restrictions for the tax credit?
A: Yes, there are certain limitations and restrictions for the tax credit, including a maximum credit amount and a carryforward provision for any unused credit.
Q: When is the deadline to file Form N-348?
A: The deadline to file Form N-348 is typically the same as the deadline for filing your annual Hawaii state tax return.
Form Details:
- Released on January 1, 2021;
- 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-348 by clicking the link below or browse more documents and templates provided by the Hawaii Department of Taxation.
Download Form N-348 Capital Infrastructure Tax Credit - Hawaii
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