Form N-312 - Capital Goods Excise Tax Credit - 2015 Page 2
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1
2FORM N-312
(REV. 2015)
PAGE 2
PART II — RECAPTURE OF CAPITAL GOODS EXCISE TAX CREDIT
Name(s) as shown on return or of individual or entity for whom this statement is being prepared.
FEIN or SSN
Name of pass-through entity.
FEIN or SSN
Properties
Description of property. (Attach a separate sheet if more space is needed.)
A
B
C
D
E
Properties
A
B
C
D
E
RECAPTURE COMPUTATION:
(See Specific Instructions)
1. Original rate of credit (4%). ..............
1
4%
4%
4%
4%
4%
2. Date recapture period begins
(see Instructions). .............................
2
3. Date property ceased to be eligible
capital goods excise tax credit
property. (see Instructions) ..............
3
4. Number of full years between the date
on line 2 and the date on line 3. ..................
4
5. Original apportioned cost of qualifying
property. Use this amount on line a of
the worksheet in the Instructions for
Part II, line 9 of Form N-312. .......................
5
6. Original apportioned amount of the
deduction allowed under IRC section 179.
Use this amount on line d of the work-
sheet for Part II, line 9 of Form N-312. ........
6
7. Original apportioned sales or use tax
credit claimed under section 238-3(i),
HRS. Use this amount on line h of the
worksheet for Part II, line 9 of Form N-312. ..
7
8. Original or previously recomputed
credit claimed. (see Instructions) ................
8
9. Recomputed credit. (see Instructions) .........
9
10. Decrease in credit due to disposition.
(Line 8 minus line 9.) ................................... 10
11. Recapture percentage. (from
100%
100%
100%
100%
100%
Instructions) ..................................... 11
12. Recapture tax. (Line 10 multiplied
by line 11.) ......................................... 12
13. Total increase in tax. (Add line 12 columns A through E.)
Round this amount to the nearest dollar and enter on the appropriate form listed below. .................................. 13
Enter or include the amount on line 13 above on Form F-1, line 64; Form N-11, line 27; Form N-15, line 44; Form N-30, Schedule J, line
17; Form N-40, Schedule G, line 1; or Form N-70NP, line 11.
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