Form N-346 - Tax Credit For Research Activities - 2015
Download a blank fillable Form N-346 - Tax Credit For Research Activities - 2015 in PDF format just by clicking the "DOWNLOAD PDF" button.
Open the file in any PDF-viewing software. Adobe Reader or any alternative for Windows or MacOS are required to access and complete fillable content.
Complete Form N-346 - Tax Credit For Research Activities - 2015 with your personal data - all interactive fields are highlighted in places where you should type, access drop-down lists or select multiple-choice options.
Some fillable PDF-files have the option of saving the completed form that contains your own data for later use or sending it out straight away.
ADVERTISEMENT
1
2STATE OF HAWAII—DEPARTMENT OF TAXATION
Clear Form
TAX CREDIT FOR RESEARCH ACTIVITIES
TAX
FORM
YEAR
(
Note: If you are claiming the Ethanol Facility Tax Credit, no other credit can be claimed for the same taxable year.)
N-346
2015
Or fiscal year beginning ________________, 2015, and ending _________________, 20____
(REV. 2015)
ATTACH TO FORM N-11, N-15, N-20, N-30, N-35, N-40, OR, N-70NP
WHICHEVER IS APPLICABLE.
Name(s) as shown on Form N-11, N-15, N-20, N-30, N-35, N-40, or, N-70NP
SSN or FEIN
NOTE: If you received a Schedule K-1 from a flow-through entity, skip lines 1 - 4 and start on line 5.
1
Enter the amount of your federal tax credit from federal Form 6765
for the 2015 tax year (Attach a copy of federal Form 6765) ..............................................
1
2
Enter the amount of your eligible research expenses reported on federal Form 6765
for the 2015 tax year and the amount of your eligible research expenses attributable to
research activity conducted IN HAWAII for the 2015 tax year: (See instructions)
Column A
Column B
Reported On federal Form 6765
IN HAWAII
a
Certain amounts paid or
incurred to energy consortia
2a
b
Basic research payments to
qualified organizations . . . . .
2b
c
Wages for qualified services
(do not include wages used in
figuring the federal work
opportunity credit). . . . . . . . . . . .
2c
d
Cost of supplies. . . . . . . . . . .
2d
e
Rental or lease costs of
computers. . . . . . . . . . . . . . . .
2e
f
Enter the applicable
percentage of contract
research expenses . . . . . . . .
2f
g
Total Eligible Research
Expenses. Add lines 2a
through 2f, and enter result .
2g
3
Percentage of eligible research expenses attributable to Hawaii.
Divide line 2g, Column B by line 2g, Column A. Enter the result as a decimal rounded
to six (6) decimal places ...................................................................................................
3
4
Tentative tax credit for research activities.
Multiply line 1 by line 3 ......................................................................................................
4
Flow through of Hawaii tax credit for research activities received from other entities, if any.
5
Check the applicable box below. Enter the name and Federal Employer I.D. No. of Entity:
a Partner — enter amount from Schedule K-1 (Form N-20), line 27 ........................
b S corporation shareholder — enter amount from Schedule K-1 (Form N-35), line 16l .........
c Beneficiary — enter amount from Schedule K-1 (Form N-40), line 7d ..................
d Patron — enter the amount from federal Form 1099-PATR ....................................
5
6
Total credit allowed — Add lines 4 and 5. Enter the result here, rounded to the nearest
dollar, and on the appropriate line for the credit on Schedule CR (for Form N-11, N-15,
N-30, and N-70NP filers); Form N-20, Schedule K; Form N-35, Schedule K; or
Form N-40, Schedule F (for the estate’s or trust’s share) and/or Schedule K-1 (for the
beneficiaries’ share); whichever is applicable ....................................................................
6
Note: The tax credit for research activities can only be claimed by
GENERAL INSTRUCTIONS
qualified high technology businesses. “Qualified high technology
Note: In order to claim the Hawaii tax credit for research activities,
business” is defined in section 235-7.3(c), Hawaii Revised Statutes.
you must also claim the federal tax credit for increasing research
Act 270, Session Laws of Hawaii 2013 (Act 270), which reenacts
activities under section 41 of the Internal Revenue Code (IRC).
the Hawaii tax credit for research activities (TCRA), applies to taxable
Note: If you are claiming the Ethanol Facility Tax Credit, no other
years beginning after December 31, 2012, and sunsets for taxable years
credit can be claimed for the same taxable year.
beginning after December 31, 2019.
(Continued on back)
FORM N-346
ADVERTISEMENT
0 votes
Related Articles
Related forms
Related Categories
Parent category: Financial