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FORM N-330

(REV. 2002)

PAGE 2

How to Obtain Tax Forms

To request tax forms by fax or mail, you may call (808) 587-7572 or

GENERAL INSTRUCTIONS

toll-free 1-800-222-7572.

Section 235-110.2, Hawaii Revised Statutes (HRS), allows each

Tax forms are also available on the Internet. The Department of

taxpayer licensed under chapter 444, 460J, or 464, HRS, who is subject

Taxation’s site on the Internet is:

to Hawaii income taxes, and who does not owe delinquent taxes,

penalties, or interest, a credit for contributions of in-kind services for the

repair and maintenance of public schools provided by the licensed

SPECIFIC INSTRUCTIONS

taxpayer in Hawaii. The credit shall be deductible from the taxpayer’s net

income tax liability, if any, for the taxable year in which the credit is

Enter your tax year in the space provided.

properly claimed.

Enter the name(s) shown on your return. If filing a joint return, enter

The amount of the credit for the taxable year shall be equal to ten per

the social security number of the person whose name is shown first on

cent of the value of contributions of in-kind services to the Hawaii school

the return.

repair and maintenance fund for that taxable year; provided that the

aggregate value of the contributions of in-kind services claimed by a

Lines 1 through 8 must be completed by the Department of

taxpayer shall not exceed $40,000.

Accounting and General Services prior to commencement of the

work.

For purposes of the credit:

Line 6 — Chapter 444, HRS, applies to general specialty building

“Value of contributions of in-kind services” means the fair market

industry contractors; Chapter 460J, HRS, applies to pest control

value of uncompensated services or labor as determined and certified by

operators; Chapter 464, HRS, applies to professional engineers,

the Department of Accounting and General Services.

architects, surveyors, and landscape architects.

“Public schools” has the same meaning as defined in section

Line 7 — Enter the contractor’s or responsible managing employee’s

302A-101.

(RME) license number.

The credit allowed shall be claimed against net income tax liability for

Line 8 — A tax clearance certificate to certify that the contractor does

the taxable year. A tax credit which exceeds the taxpayer’s income tax

not owe any delinquent Hawaii taxes, penalties or interest must be

liability may be used as a credit against the taxpayer’s income tax

obtained from the Department of Taxation before the Department of

liability in subsequent years until exhausted.

Accounting and General Services will certify the value of the contributed

in-kind services.

All claims for tax credits, including any amended claims, shall be filed

on or before the end of the twelfth month following the close of the

Complete lines 9 through 13 to claim the credit, unless you are

taxable year for which the credits may be claimed. Failure to comply with

claiming your distributive share of the credit distributed from a

the foregoing provision shall constitute a waiver of the right to claim the

partnership, an S corporation, an estate, or a trust.

credit.

Note: If you are only claiming your distributive share of a tax credit

The Department of Accounting and General Services shall maintain

distributed from a partnership, an S corporation, an estate, or a trust,

records of the names of taxpayers eligible for the credit and the total

skip lines 9 through 10 and begin on line 11.

value of in-kind services contributed for the repair and maintenance of

public schools for the taxable year. All contributions shall be verified by

Line 9 — Enter the amount of the certified value listed in line 4 of the

the Department of Accounting and General Services. The Department of

form or $40,000, whichever is less. If you contributed more than once,

Accounting and General Services shall total all contributions that the

add the total certified contributions from line 4 of all Forms N-330 and

Department certifies. Upon each determination, the Department of

enter the total on one of the Form N-330 to claim the credit. Your total

Accounting and General Services shall issue a certificate to the taxpayer

contributions of in-kind services claimed cannot be more than $40,000.

certifying:

Note: All in-kind services contributed must be certified by the

(1) The amount of the contribution;

Department of Accounting and General Services. Call 831-6731 for

further information.

(2) That the taxpayer is licensed under chapter 444, 460J, or 464;

and

Line 10 — Multiply line 9 by 10% (.10). Enter the result here.

(3) That the taxpayer has obtained a current and valid certificate

Line 11 — Enter the name and federal employer identification number of

signed by the Director of Taxation, showing that the taxpayer

any flow-through entity who has passed the school repair and

does not owe the State any delinquent taxes, penalties, or

maintenance tax credit through to the taxpayer. If additional space is

interest.

needed, include the information on an attached schedule.

The taxpayer shall file the certificate from the Department of

Line 12 — This line is for the carryover of unused school repair and

Accounting and General Services with the taxpayer’s tax return with the

maintenance tax credit from prior years.

Department of Taxation. When the total amount of certified contributions

Line 13 — Add lines 10 through 12. This is your school repair and

reaches $2,500,000, the Department of Accounting and General

maintenance contribution tax credit.

Services shall immediately discontinue certifying contributions and notify

the Department of Taxation.

Note: The tax credit shall be claimed against your net income tax

liability for the taxable year in which the contribution is made. The

The State shall provide not more than $250,000 in tax credits for

amount of the credit which exceeds your tax liability may be carried over

contributions of in-kind services in Hawaii for the repair and maintenance

to subsequent years until exhausted.

of public schools.

Form N-330 - School Repair And Maintenance Tax Credit - Hawaii Department Of Taxation Page 2

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