Fill in a Valid Hawaii N 335 Template Edit Form

Fill in a Valid Hawaii N 335 Template

The Hawaii N 335 form is a statement used to claim the Ko Olina Resort and Marina Attractions and Educational Facilities Tax Credit. This form is essential for taxpayers looking to report their qualified costs and the tax credits they are eligible to receive. For those interested in maximizing their tax benefits, filling out this form accurately is crucial; click the button below to get started.

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Structure

The Hawaii N 335 form serves an important purpose in the realm of tax credits for specific attractions and educational facilities within the state. This form is primarily used to claim the Ko Olina Resort and Marina attractions and educational facilities tax credit. Taxpayers must provide essential information, including their name, Social Security Number or Federal Employer Identification Number, and the type of entity they represent. The form also requires details about total qualified costs and the amount of tax credit certified for use during the calendar year. Taxpayers can elect to apply the tax credit against various tax liabilities, including general excise tax and transient accommodations tax. Additionally, if applicable, the form allows for the distribution of tax credits to partners, members, shareholders, or beneficiaries. It is crucial for taxpayers to ensure that all information is accurate and complete, as they must declare this under penalties set forth in Hawaii law. By understanding the N 335 form, taxpayers can effectively navigate their tax obligations while taking advantage of available credits that support local attractions and educational initiatives.

Sample - Hawaii N 335 Form

File Attributes

Fact Name Details
Purpose of Form The Hawaii N-335 form is used to claim the Ko Olina Resort and Marina Attractions and Educational Facilities Tax Credit.
Governing Law This form is governed by Section 235-110.46 of the Hawaii Revised Statutes (HRS).
Filing Requirement Taxpayers must complete and submit the form to claim eligible tax credits for the calendar year.
Eligible Costs Taxpayers can report total qualified costs allowed, which must be documented and certified.
Tax Credit Application The tax credit can be applied to various tax liabilities, including General Excise Tax and Transient Accommodations Tax.
Signature Requirement A certifying officer from the Department of Business, Economic Development, and Tourism must sign the form.
Flow-Through Entities Entities such as partnerships and S corporations can allocate tax credits to their shareholders or members.
Deadline The form must be submitted in accordance with the filing deadlines set by the Hawaii Department of Taxation.
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