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Hawaii Free Printable Form N-340 (Rev. 2018) Motion Picture, Digital Media, and Film Production Income Tax Credit for 2020 Hawaii Motion Picture, Digital Media, and Film Production Tax Credit

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Motion Picture, Digital Media, and Film Production Tax Credit
Form N-340 (Rev. 2018) Motion Picture, Digital Media, and Film Production Income Tax Credit

Clear Form STATE OF HAWAII—DEPARTMENT OF TAXATION MOTION PICTURE, DIGITAL MEDIA, AND FILM PRODUCTION INCOME TAX CREDIT FORM (Rev. 2018) N-340 2018 Or fiscal year beginning __________________ , 2018, and ending _________________________ , 20____ ATTACH THIS FORM AND THE LETTER FROM DBEDT TO FORM N-11, N-15, N-20, N-30, N-35, N-40, OR N-70NP (see Instructions) Name SSN or FEIN PART I –– TAX CREDIT FOR QUALIFIED PRODUCTION COSTS INCURRED IN A COUNTY WITH A POPULATION OVER 700,000 1. 2. 3. 4. 5. 6. 7. Total qualified production costs incurred in the taxable year qualifying for a 20% tax credit................................................................................................... 1 Qualified production costs on line 1 for which a deduction was taken under Internal Revenue Code Section 179 (election to expense certain depreciable assets) or that have been financed by investments for which a credit was claimed by any taxpayer pursuant to section 235-110.9, HRS............................ 2 Subtract line 2 from line 1.................................................................................... 3 Flow through of qualified production costs qualifying for a 20% tax credit received from other entities, if any. Check the applicable box below. Enter the name and Federal Employer I.D. No. of Entity: _________________________________________________________  a S corporation shareholder — enter amount from Schedule K-1 (Form N-35), line 16f  b Partner — enter amount from Schedule K-1 (Form N-20), line 21  c Beneficiary — enter amount from Schedule K-1 (Form N-40), line 9  d Patron — enter amount from federal Form 1099-PATR.............................. 4 Add lines 3 and 4................................................................................................. 5 Tax credit percentage.......................................................................................... 6 20% Multiply line 5 by line 6 and enter the result here..................................................................................................................... 7 PART II –– TAX CREDIT FOR QUALIFIED PRODUCTION COSTS INCURRED IN A COUNTY WITH A POPULATION OF 700,000 OR LESS 8. 9. 10. 11. 12. 13. 14. 15. Total qualified production costs incurred in the taxable year qualifying for a 25% tax credit................................................................................................... 8 Qualified production costs on line 8 for which a deduction was taken under Internal Revenue Code Section 179 (election to expense certain depreciable assets ) or that have been financed by investments for which a credit was claimed by any taxpayer pursuant to section 235-110.9, HRS............................ 9 Subtract line 9 from line 8.................................................................................... 10 Flow through of qualified production costs qualifying for a 25% tax credit received from other entities, if any. Check the applicable box below. Enter the name and Federal Employer I.D. No. of Entity: _________________________________________________________  a S corporation shareholder — enter amount from Schedule K-1 (Form N-35), line 16f  b Partner — enter amount from Schedule K-1 (Form N-20), line 21  c Beneficiary — enter amount from Schedule K-1 (Form N-40), line 9  d Patron — enter amount from federal Form 1099-PATR.............................. 11 Add lines 10 and 11............................................................................................. 12 Tax credit percentage.......................................................................................... 13 25% Multiply line 12 by line 13 and enter the result here ................................................................................................................ Motion Picture, Digital Media, and Film Production Income Tax Credit — Add the amounts on lines 7 and 14 and 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); or Form N-40, Schedule F (for the estate’s or trust’s share), whichever is applicable .................................................................................................................................................................................. N340_I 2018A 01 VID01 ID NO 01 14 15 FORM N-340
Extracted from PDF file 2018-hawaii-form-n-340.pdf, last modified October 2003

More about the Hawaii Form N-340 Corporate Income Tax Tax Credit

We last updated the Motion Picture, Digital Media, and Film Production Tax Credit in February 2019, and the latest form we have available is for tax year 2018. This means that we don't yet have the updated form for the current tax year. Please check this page regularly, as we will post the updated form as soon as it is released by the Hawaii Department of Taxation. You can print other Hawaii tax forms here.


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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 P-64A Conveyance Tax Certificate
Sch. GE General Excise / Use Tax Schedule of Exemptions and Deductions
Form TA-2 Transient Accommodations Tax Annual Return
Form N-301 Application for Automatic Extension of Time to File Hawaii Corporation Income Tax Return
Form N-848 Power of Attorney

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-340 from the Department of Taxation in February 2019.

Show Sources >

Form N-340 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-340

We have a total of seven past-year versions of Form N-340 in the TaxFormFinder archives, including for the previous tax year. Download past year versions of this tax form as PDFs here:


2018 Form N-340

Form N-340 (Rev. 2018) Motion Picture, Digital Media, and Film Production Income Tax Credit

2017 Form N-340

Form N-340 (Rev. 2016) Motion Picture, Digital Media, and Film Production Income Tax Credit

2016 Form N-340

Form N-340 (Rev. 2016) Motion Picture, Digital Media, and Film Production Income Tax Credit

Forms 2014 - Web Fillable 2015 Form N-340

Form N-340 (Rev. 2014) Motion Picture, Digital Media, and Film Production Income Tax Credit

Forms 2014 - Web Fillable 2014 Form N-340

Form N-340 (Rev. 2014) Motion Picture, Digital Media, and Film Production Income Tax Credit

Forms 2012 - Web Fillable 2012 Form N-340

Form N-340 (Rev. 2012) Motion Picture, Digital Media, and Film Production Income Tax Credit

Forms 2011 - CD Fillable 2011 Form N-340

Form N-340 (Rev. 2011) Motion Picture, Digital Media, and Film Production Income Tax Credit


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