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Hawaii Free Printable Form N-323, Rev. 2020, Carryover of Tax Credits for 2021 Hawaii Carryover of Tax Credit (Rev. 2016)

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Carryover of Tax Credit (Rev. 2016)
Form N-323, Rev. 2020, Carryover of Tax Credits

Clear Form FORM STATE OF HAWAII __ DEPARTMENT OF TAXATION N-323 (REV. 2020) TAX YEAR CARRYOVER OF TAX CREDITS Or fiscal year beginning __________________, 20_____, and ending ____________________, 20_____ 20__ ATTACH TO FORM F-1, N-11, N-15, N-30, N-40, OR N-70NP Name as shown on return PART I 1. SSN or FEIN ADJUSTED TAX LIABILITY Enter the adjusted tax liability from your Form F-1, N-11, N-15, N-30, or N-40 or N-70NP............................................ PART II Note: The energy conservation tax credit expired on June 30, 2003. 2. If you are claiming other credits, complete the Energy Conservation Tax Credit Worksheet in the instructions and enter the total here................................................................................................................................ 3. Line 1 minus line 2. This represents your tax liability, as adjusted. If the result is zero or less than zero, enter zero here and on line 5.......................................................................................................................................... 4. Carryover of unused energy conservation tax credit from prior years............................................................................. 5. Total Credit Applied — Enter the smaller of line 3 or line 4. This is your energy conservation tax credit applied for the year. Also, enter this amount on Schedule CR in Column (b) of the appropriate line for this credit for Form N-11, N-15, N-30, N-40 and N-70NP filers, or the appropriate line on Form F-1, Schedule H, whichever is applicable.............................................................................................................. 6. Unused Credit to Carryover — Line 4 minus line 5. This represents your current year’s carryover of unused credit. The amount of any unused credit may be carried over and used as a credit against your tax liability in subsequent years until exhausted. If this amount is more than zero, also enter it on Schedule CR in Column (c) of the appropriate line for this credit............................................................................................................ PART III 2 3 4 5 6 CARRYOVER OF THE HOTEL CONSTRUCTION AND REMODELING TAX CREDIT Note: This is for the computation of the tax credit for costs incurred after November 1, 2001, but before July 1, 2003. 7. If you are claiming other credits, complete the Hotel Construction and Remodeling Tax Credit Worksheet in the instructions and enter the total here...................................................................................................................... 8. Line 1 minus line 7. This represents your tax liability, as adjusted. If the result is zero or less than zero, enter zero here and on line 10........................................................................................................................ 9. Carryover of unused hotel construction and remodeling tax credit from prior years....................................................... 10. Total Credit Applied — Enter the smaller of line 8 or line 9. This is your energy conservation tax credit applied for the year. Also, enter this amount on Schedule CR in Column (b) of the appropriate line for this credit.......................................................................................................................................... 11. Unused Credit to Carryover — Line 9 minus line 10. This represents your current year’s carryover of unused credit. The amount of any unused credit may be carried over and used as a credit against your tax liability in subsequent years until exhausted. If this amount is more than zero, also enter it on Schedule CR in Column (c) of the appropriate line for this credit............................................................................................................ PART IV 1 CARRYOVER OF THE CREDIT FOR ENERGY CONSERVATION 7 8 9 10 11 CARRYOVER OF THE INDIVIDUAL DEVELOPMENT ACCOUNT CONTRIBUTION TAX CREDIT Note: The individual development account contribution tax credit expired on December 31, 2004. 12. If you are claiming other credits, complete the Individual Development Account Contribution Tax Credit Worksheet in the instructions and enter the total here.................................................................................................... 12 13. Line 1 minus line 12. This represents your tax liability, as adjusted. If the result is zero or less than zero, enter zero here and on line 15........................................................................................................................ 13 14. Carryover of unused individual development account contribution tax credit from prior years........................................ 14 15. Total Credit Applied — Enter the smaller of line 13 or line 14. This is your individual development contribution tax credit applied for the year. Also, enter this amount on Schedule CR in Column (b) of the appropriate line for this credit................................................................................................................................ 16. Unused Credit to Carryover — Line 14 minus line 15. This represents your current year’s carryover of unused credit. The amount of any unused credit may be carried over and used as a credit against your tax liability in subsequent years until exhausted. If this amount is more than zero, also enter it on Schedule CR in Column (c) of the appropriate line for this credit............................................................................................................ 15 16 (Continued on Page 2) N323_I 2020A 01 VID01 ID NO 01 FORM N-323 FORM N-323 (REV. 2020) PART V PAGE 2 CARRYOVER OF THE RESIDENTIAL CONSTRUCTION AND REMODELING TAX CREDIT Note: The residential construction and remodeling tax credit expired on June 30, 2003. 17. If you are claiming other credits, complete the Residential Construction and Remodeling Tax Credit Worksheet in the instructions and enter the total here.................................................................................................... 18. Line 1 minus line 17. This represents your tax liability, as adjusted. If the result is zero or less than zero, enter zero here and on line 20................................................................................................................................ 19. Carryover of unused residential construction and remodeling tax credit from prior years............................................... 20. Total Credit Applied — Enter the smaller of line 18 or line 19. This is your residential construction and remodeling tax credit applied for the year. Also, enter this amount on Schedule CR in Column (b) of the appropriate line for this credit.......................................................................................................................................... 21. Unused Credit to Carryover — Line 19 minus line 20. This represents your current year’s carryover of unused credit. The amount of any unused credit may be carried over and used as a credit against your tax liability in subsequent years until exhausted. If this amount is more than zero, also enter it on Schedule CR in Column (c) of the appropriate line for this credit............................................................................................................ PART VI 25. Total Credit Applied — Enter the smaller of line 23 or line 24. This is your renewable energy technologies income tax credit (For systems installed and placed in service before July 1, 2009) applied for the year. Also, enter this amount on Schedule CR in Column (b) of the appropriate line for this credit for Form N-11, N-15, N-30, N-40 and N-70NP filers, or the appropriate line on Form F-1, Schedule H, whichever is applicable............................................................................................................................... 26. Unused Credit to Carryover — Line 24 minus line 25. This represents your current year’s carryover of unused credit. The amount of any unused credit may be carried over and used as a credit against your tax liability in subsequent years until exhausted. If this amount is more than zero, also enter it on Schedule CR in Column (c) of the appropriate line for this credit............................................................................................................ 20 21 22 23 24 25 26 CARRYOVER OF THE TECHNOLOGY INFRASTRUCTURE RENOVATION TAX CREDIT Note: The technology infrastructure renovation tax credit expired on December 31, 2010. 27. If you are claiming other credits, complete the Technology Infrastructure Renovation Tax Credit Worksheet in the instructions and enter the total here.................................................................................................... 28. Line 1 minus line 27. This represents your tax liability, as adjusted. If the result is zero or less than zero, enter zero here and on line 30................................................................................................................................ 29. Carryover of unused technology infrastructure renovation tax credit from prior years.................................................... 30. Total Credit Applied – Enter the smaller of line 28 or line 29. This is your technology infrastructure renovation tax credit applied for the year. Also, enter this amount on Schedule CR in Column (b) of the appropriate line for this credit................................................................................................................................ 31. Unused Credit to Carryover — Line 29 minus line 30. This represents your current year’s carryover of unused credit. The amount of any unused credit may be carried over and used as a credit against your tax liability in subsequent years until exhausted. If this amount is more than zero, also enter it on Schedule CR in Column (c) of the appropriate line for this credit............................................................................................................ PART VIII 18 19 CARRYOVER OF THE RENEWABLE ENERGY TECHNOLOGIES INCOME TAX CREDIT (FOR SYSTEMS INSTALLED AND PLACED IN SERVICE BEFORE JULY 1, 2009) Note: For systems installed and placed in service on or after July 1, 2009, use Form N-342. 22. If you are claiming other credits, complete the Renewable Energy Technologies Income Tax Credit (For Systems Installed and Placed In Service Before July 1, 2009) Tax Credit Worksheet in the instructions and enter the total here.... 23. Line 1 minus line 22. This represents your tax liability, as adjusted. If the result is zero or less than zero, enter zero here and on line 25........................................................................................................................ 24. Carryover of unused renewable energy technologies income tax credit (For systems installed and placed in service before July 1, 2009) from prior years................................................................................................... PART VII 17 27 28 29 30 31 CARRYOVER OF THE HIGH TECHNOLOGY BUSINESS INVESTMENT TAX CREDIT Note: The high technology business investment tax credit expired on December 31, 2010. 32. If you are claiming other credits, complete the High Technology Business Investment Tax Credit Worksheet in the instructions and enter the total here.................................................................................................... 33. Line 1 minus line 32. This represents your tax liability, as adjusted. If the result is zero or less than zero, enter zero here and on line 35................................................................................................................................ 34. Carryover of unused high technology business investment tax credit from prior years................................................... 35. Total credit Applied – Enter the smaller of line 33 or line 34. This is your high technology business investment tax credit applied for the year. Also, enter this amount on Schedule CR in Column (b) of the appropriate line for this credit for Form N-11, N-15, N-30, N-40 and N-70NP filers, or the appropriate line on Form F-1, Schedule H, whichever is applicable............................................................ 36. Unused Credit to Carryover — Line 34 minus line 35. This represents your current year’s carryover of unused credit. The amount of any unused credit may be carried over and used as a credit against your tax liability in subsequent years until exhausted. If this amount is more than zero, also enter it on Schedule CR in Column (c) of the appropriate line for this credit............................................................................................................ 32 33 34 35 36 FORM N-323
Extracted from PDF file 2020-hawaii-form-n-323.pdf, last modified December 2009

More about the Hawaii Form N-323 Corporate Income Tax Tax Credit TY 2020

We last updated the Carryover of Tax Credit (Rev. 2016) in March 2021, so this is the latest version of Form N-323, fully updated for tax year 2020. You can download or print current or past-year PDFs of Form N-323 directly from TaxFormFinder. You can print other Hawaii tax forms here.

Other Hawaii Corporate Income Tax Forms:

TaxFormFinder has an additional 164 Hawaii income tax forms that you may need, plus all federal income tax forms.

Form Code Form Name
Form Sch. AMD Explanation of Changes on Amended Return (2012)
Form N-342 Renewable Energy Technologies Income Tax Credit
Form A-6 Tax Clearance Application
Form N-40 Sch. D Capital Gains & Losses (Form N-40)
Form TA-2 Transient Accommodations Tax Annual Return

Download all HI tax forms View all 165 Hawaii Income Tax Forms


Form Sources:

Hawaii usually releases forms for the current tax year between January and April. We last updated Hawaii Form N-323 from the Department of Taxation in March 2021.

Show Sources >

Form N-323 is a Hawaii Corporate Income Tax form. States often have dozens of even hundreds of various tax credits, which, unlike deductions, provide a dollar-for-dollar reduction of tax liability. Some common tax credits apply to many taxpayers, while others only apply to extremely specific situations. In most cases, you will have to provide evidence to show that you are eligible for the tax credit, and calculate the amount of the credit to which you are entitled.

About the Corporate Income Tax

The IRS and most states require corporations to file an income tax return, with the exact filing requirements depending on the type of company.

Sole proprietorships or disregarded entities like LLCs are filed on Schedule C (or the state equivalent) of the owner's personal income tax return, flow-through entities like S Corporations or Partnerships are generally required to file an informational return equivilent to the IRS Form 1120S or Form 1065, and full corporations must file the equivalent of federal Form 1120 (and, unlike flow-through corporations, are often subject to a corporate tax liability).

Additional forms are available for a wide variety of specific entities and transactions including fiduciaries, nonprofits, and companies involved in other specific types of business.

Historical Past-Year Versions of Hawaii Form N-323

We have a total of nine past-year versions of Form N-323 in the TaxFormFinder archives, including for the previous tax year. Download past year versions of this tax form as PDFs here:


2020 Form N-323

Form N-323, Rev. 2020, Carryover of Tax Credits

2019 Form N-323

Form N-323, 2019, Carryover of Tax Credits

2018 Form N-323

Instructions for Form N-323, 2018

2017 Form N-323

Form N-323, 2014, Carryover of Tax Credits

2016 Form N-323

Form N-323, 2014, Carryover of Tax Credits

Forms 2014 2015 Form N-323

Form N-323, 2014, Carryover of Tax Credits

Forms 2014 2014 Form N-323

Form N-323, 2014, Carryover of Tax Credits

PDF Form Pack generated by formuPack 2012 Form N-323

PDF Form Pack

Forms 2011 2011 Form N-323

Form N-323, 2011, Carryover of Tax Credits


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