Instructions for Form N-312 Capital Goods Excise Tax Credit - Hawaii

Form N-312 Capital Goods Excise Tax Credit - Hawaii

This document contains official instructions for Form N-312 , Capital Goods Excise Tax Credit - a form released and collected by the Hawaii Department of Taxation. An up-to-date fillable Form N-312 is available for download through this link.

FAQ

Q: What is Form N-312?
A: Form N-312 is a tax form used to claim the Capital Goods Excise Tax Credit in Hawaii.

Q: What is the Capital Goods Excise Tax Credit?
A: The Capital Goods Excise Tax Credit is a tax credit provided to businesses in Hawaii for certain qualified capital goods.

Q: Who can claim the Capital Goods Excise Tax Credit?
A: Businesses in Hawaii that have purchased or acquired qualified capital goods may be eligible to claim this tax credit.

Q: What are qualified capital goods?
A: Qualified capital goods include machinery, equipment, and other tangible personal property used in the production of goods or services.

Q: How do I fill out Form N-312?
A: You will need to provide information about the qualified capital goods you purchased or acquired, including the purchase price and date of acquisition.

Q: Is there a deadline for submitting Form N-312?
A: Yes, Form N-312 must be filed by the 20th day of the 4th month following the end of the tax year in which the qualified capital goods were acquired.

Q: What if I need help with Form N-312?
A: If you need assistance with Form N-312 or have questions about the Capital Goods Excise Tax Credit, you can contact the Hawaii Department of Taxation for guidance.