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Hawaii Free Printable Form N-346A Rev. 2020 Certified Statement of Research and Development Costs Incurred By a Qualified High Technology Business (QHTB) and Claim of the T for 2021 Hawaii Certified Statement of Research and Development Company

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Certified Statement of Research and Development Company
Form N-346A Rev. 2020 Certified Statement of Research and Development Costs Incurred By a Qualified High Technology Business (QHTB) and Claim of the T

Clear Form STATE OF HAWAII—DEPARTMENT OF TAXATION FORM N-346A (REV. 2020) CERTIFIED STATEMENT OF RESEARCH AND DEVELOPMENT COSTS INCURRED BY A QUALIFIED HIGH TECHNOLOGY BUSINESS (QHTB) AND CLAIM OF THE TAX CREDIT FOR RESEARCH ACTIVITIES (Round off all dollar entries to the nearest whole dollar) Name of QHTB as shown on Form N-11, N-15, N-20, N-30, N-35, N-40, N-70NP Mailing Address       CALENDAR YEAR 20__ SSN or FEIN Contact Information Name: Telephone: E-mail address: — Part I of Form N-346A is to be completed by the QHTB claiming or distributing the tax credit for research activities (credit). File Form N-346A on or before March 30 for eligible research expenses incurred in the previous calendar year. — For taxable years beginning after December 31, 2019, the Department of Business, Economic Development and Tourism (DBEDT) is responsible for certifying the credit. The Department of Taxation will issue a Tax Announcement explaining how to apply to DBEDT for the certificate. See the instructions for further details. Part I 1 Enter the amount of eligible research expenses incurred in the calendar year to be reported on federal Form(s) 6765 and the amount of these expenses attributable to the research activity conducted IN HAWAII (see instructions). (Note: Expenses attributed to research activities OUTSIDE HAWAII do not qualify for the credit) Reported on federal Form 6765 IN HAWAII a Certain amounts paid or incurred to energy consortia . . . . . . . 1a b Basic research payments to qualified organizations . . . . . . . . . . 1b c Wages for qualified services (do not include wages used in figuring the federal work opportunity credit) . . . . . . . . . . . . . . . 1c d Cost of supplies . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1d e Rental or lease costs of computers . . . . . . . . . . . . . . . . . . . . . . 1e f Enter the applicable percentage of contract research expenses 1f g Total Eligible Research Expenses. Add lines 1a through 1f, and enter result . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1g Multiply the expenses shown in line 1g that were incurred IN HAWAII by 0.20 (20%) and enter result 2 Have you claimed or will you be claiming the credit for increasing research activities for the expenses shown on line 1g?  Yes    No (Note: If you answered “No,” you cannot claim the Hawaii credit) Are you are a partnership, S corporation, estate, trust, or cooperative for income tax purposes?  Yes    No If you answered “Yes,” attach a list of (a) the partners’, shareholders’, beneficiaries’, or patrons’ names and SSN/FEIN and (b) each partner’s, shareholder’s, beneficiary’s, or patron’s allocated/distributive share of the credit. Are you a nonprofit organization exempt from taxation under IRC section 501(c)?  Yes    No (Note: If you answered “Yes,” you cannot claim the Hawaii credit) Briefly describe the research project(s) undertaken. (Attach a separate sheet if more space is needed.) 2 3 4 5 6 TO BE COMPLETED BY THE QHTB. ATTACH ALL SUPPLEMENTAL SCHEDULES. DECLARATION I hereby declare under the penalties of perjury that I have the authority to sign Part I of Form N-346A on behalf of the above named QHTB. I declare, under the applicable penalties set forth in sections 231-34, 231-35, and 231-36, HRS, that the information reported in Part I of Form N-346A (including any accompanying schedules or statements) has been examined by me and, to the best of my knowledge and belief, is true, correct, and complete and made in good faith, for the taxable year stated, pursuant to the Hawaii Income Tax Law, Chapter 235, HRS. I understand that submission of this completed form is a prerequisite for the above-named QHTB to claim or distribute this credit, and that this information is collected by the Department of Taxation for preliminary fact finding only. I further understand that the above-named QHTB may be subject to audit at a later date. Signature Date Print Name Title FORM N-346A N346A_I 2020A 01 VID01 ID NO 01 FORM N-346A (REV. 2020) PAGE 2 CALENDAR YEAR 20__ STATE OF HAWAII - DEPARTMENT OF TAXATION CERTIFIED STATEMENT OF RESEARCH AND DEVELOPMENT COSTS INCURRED BY A QUALIFIED HIGH TECHNOLOGY BUSINESS (QHTB) AND CLAIM OF THE TAX CREDIT FOR RESEARCH ACTIVITIES Name of QHTB claiming the credit as shown on Form N-11, N-15, N-20, N-30, N-35, N-40, N-70NP SSN or FEIN Part II of Form N-346A is for use by the Department of Business, Economic Development, and Tourism (DBEDT). Upon completion, DBEDT will mail Part II to the QHTB at the address reported on the face of Form N-346A. The taxpayer claiming the credit shall attach a copy of the completed Part II of Form N-346A to Form N-346, Tax Credit for Research Activities. If the QHTB is a flow-through entity, the taxpayer shall also attach a copy of the Schedule K-1 issued by the QHTB establishing the taxpayer’s share of the total credit allowed to the QHTB. Part II CERTIFICATION - LINES 1 AND 2 ARE TO BE COMPLETED BY THE QHTB AND SIGNED BY DBEDT. Based upon the representations and declarations made by the named QHTB, DBEDT certifies the receipt of the following information: 1 Amount of eligible research expenses attributable to the research activity conducted 2 IN HAWAII in calendar year 20__ as reported by the named QHTB (see Instructions) . . . . . . Amount of credit (20% of the amount shown on line 1) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1 2 IMPORTANT AUDIT NOTICE: All claims of credit are subject to audit. This certification is based solely on information provided by the taxpayer and solely acknowledges receipt of such information by the Department. Nothing in this certification shall be deemed to be an acknowledgment or admission by the Department that the taxpayer is entitled to the credit claimed. The Department expressly reserves all rights to challenge, in whole or in part, the claim for credit. Signature of Certifying Officer Date of Certification Print Name Title FORM N-346A
Extracted from PDF file 2020-hawaii-form-n-346a.pdf, last modified December 2013

More about the Hawaii Form N-346A Corporate Income Tax Tax Credit TY 2020

We last updated the Certified Statement of Research and Development Company in February 2021, so this is the latest version of Form N-346A, fully updated for tax year 2020. You can download or print current or past-year PDFs of Form N-346A 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 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-346A from the Department of Taxation in February 2021.

Show Sources >

Form N-346A 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-346A

We have a total of seven past-year versions of Form N-346A in the TaxFormFinder archives, including for the previous tax year. Download past year versions of this tax form as PDFs here:


2020 Form N-346A

Form N-346A Rev. 2020 Certified Statement of Research and Development Costs Incurred By a Qualified High Technology Business (QHTB) and Claim of the T

2019 Form N-346A

Form N-346A Rev. 2019 Certified Statement of Research and Development Costs Incurred By a Qualified High Technology Business (QHTB) and Claim of the T

2018 Form N-346A

Form N-346A Rev. 2018 Certified Statement of Research and Development Costs Incurred By a Qualified High Technology Business (QHTB) and Claim of the T

2017 Form N-346A

Form N-346A Rev. 2016 Certified Statement of Research and Development Costs Incurred By a Qualified High Technology Business (QHTB) and Claim of the T

2016 Form N-346A

Form N-346A Rev. 2016 Certified Statement of Research and Development Costs Incurred By a Qualified High Technology Business (QHTB) and Claim of the T

Forms 2015 2015 Form N-346A

Form N-346A Rev. 2015 Certified Statement of Research and Development Costs Incurred By a Qualified High Technology Business (QHTB) and Claim of the T


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