×
tax forms found in
Tax Form Code
Tax Form Name

Hawaii Free Printable Form N-350 Instructions, Rev 2018, Instructions For Form N-350 Cesspool Upgrade, Conversion or Connection Income Tax Credit for 2019 Hawaii Cesspool Upgrade, Conversion or Year Connection Income Tax Credit

It appears you don't have a PDF plugin for this browser. Please use the link below to download 2018-hawaii-form-n-350.pdf, and you can print it directly from your computer.

Cesspool Upgrade, Conversion or Year Connection Income Tax Credit
Form N-350 Instructions, Rev 2018, Instructions For Form N-350 Cesspool Upgrade, Conversion or Connection Income Tax Credit

Clear Form INSTRUCTIONS FORM N-350 (REV. 2018) STATE OF HAWAII - DEPARTMENT OF TAXATION INSTRUCTIONS FOR FORM N-350 CESSPOOL UPGRADE, CONVERSION OR CONNECTION INCOME TAX CREDIT GENERAL INSTRUCTIONS PURPOSE OF FORM Use Form N-350 to figure and claim the cesspool upgrade, conversion or connection income tax credit under section 235-16.5, Hawaii Revised Statutes (HRS). WHO MAY CLAIM THIS CREDIT For taxable years beginning AFTER December 31, 2015, and BEFORE January 1, 2021, each taxpayer who incurs qualified expenses that are certified by the Department of Health may claim a nonrefundable cesspool upgrade, conversion or connection income tax credit for the taxable year in which the taxpayer’s qualified expenses are certified by the Department of Health. FLOW-THROUGH ENTITIES The qualified expenses upon which the tax credit is computed is determined at the entity level. CREDIT REQUIREMENTS Section 235-16.5, HRS, provides that the amount of the credit is: (1) Equal to the qualified expenses of the taxpayer, up to a maximum of $10,000 per cesspool; OR (2) Equal to the qualified expenses of the taxpayer, up to a maximum of $10,000 per residential dwelling connected to a residential large capacity cesspool. Only one certified tax credit per qualified cesspool, or per tax map key number where more than one residence is connected to a residential large-capacity cesspool is allowed. To claim this credit, you must complete and attach to your Hawaii income tax return: (1) Form N-350 (Complete Part II and attach.) (2) Schedule CR (For tax returns for which Schedule CR is required.) (3) Schedule K-1 (Required only if you are a member of a flowthrough entity claiming a credit for the entity’s eligible costs of cesspool upgrade, conversion, or connection.) If the credit exceeds the taxpayer’s net income tax liability, the excess of credit over liability may be used as a credit against the taxpayer’s income tax liability in subsequent years until exhausted. DEADLINE FOR CLAIMING THE CREDIT The deadline to claim the credit, including amended claims, is 12 months after the close of your taxable year. You cannot claim or amend the credit after the deadline. DEFINITIONS FOR PURPOSES OF THE CREDIT “Aerobic treatment unit system” means an individual wastewater system that consists of an aerobic treatment unit tank, aeration device, piping, and a discharge method that is in accordance with rules adopted by the department of health relating to household aerobic units. “Cesspool” means an individual wastewater system consisting of an excavation in the ground whose depth is greater than its widest surface dimension, which receives untreated wastewater, and retains or is designed to retain the organic matter and solids discharged into it, but permits the liquid to seep through its bottom or sides to gain access to the underground geographic formation. “Qualified cesspool” means a cesspool that is: (1) Certified by the department of health to be: (A) Located within: (i) Five hundred feet of a shoreline, perennial stream, or wetland; or (ii) A source water assessment program area (two year time of travel from a cesspool to a public drinking water source); (B) Shown to impact drinking water supplies or recreational waters: or (C) A residential large capacity cesspool; or (2) Certified by a county or private sewer company to be appropriate for connections to its existing sewer system. “Qualified expenses” means costs that are necessary and directly incurred by the taxpayer for upgrading or converting a qualified cesspool into a septic system or an aerobic treatment unit system, or connecting a qualified cesspool to a sewer system, and that are certified as such by the appropriate government agency. “Residential large capacity cesspool” means a cesspool that is connected to more than one residential dwelling. “Septic system” means an individual wastewater system that typically consists of a septic tank, piping, and a drainage field where there is natural biological decontamination as wastewater discharged into the system is filtered through soil. “Sewer system” means a system of piping, with appurtenances, for collecting and conveying wastewater from source to discharge following treatment. “Wastewater” means any liquid waste, whether or not treated and whether animal, mineral, or vegetable, including agricultural, industrial, and thermal wastes.” CERTIFICATION OF CREDITS The Department of Health shall: (1) Certify all qualified cesspools; (2) Collect and maintain a record of all qualified expenses certified by an appropriate government agency for the taxable year; and (3) Certify to each taxpayer the amount of credit the taxpayer may claim. Upon each determination, the Department of Health shall issue a certificate to the taxpayer verifying the qualified expenses and the credit amount certified for the taxable year. The taxpayer shall file the certificate with the taxpayer’s tax return with the Department of Taxation. Notwithstanding the Department of Health’s certification authority, the Director of Taxation may audit and adjust the certification to conform to the facts. If in any taxable year the annual amount of certified credits reaches $5,000,000 in the aggregate, the Department of Health shall immediately discontinue certifying credits for that taxable year and notify the Department of Taxation. Any remaining applications for certification for that taxable year may be carried forward to the subsequent year for certification in that taxable year. In no instance shall the Department of Health certify a total amount of credits exceeding $5,000,000 per taxable year. To comply with this restriction, the Department of Health shall certify credits on a first come, first served basis. The request for certification to claim the Cesspool Upgrade, Conversion or Connection Income Tax Credit may be obtained by mail from: Department of Health Environmental Management Division Waste Water Branch 2827 Waimano Home Road, Room 207 Pearl City, HI 96782 Telephone: (808) 586-4294 Page 2 Instructions for Form N-350 (Rev. 2018) SPECIFIC INSTRUCTIONS Part II, Computation of Tax Credit Line 2 - If you are claiming your share of the cesspool upgrade, conversion or connection tax credit from a partnership, S corporation, estate or trust, then enter the amount here. Also, enter the name and federal employer identification number of any flow-through entity that has passed the tax credit through to you. Line 3 - This line is the carryover of unused cesspool upgrade, conversion or connection tax credit from the prior year. Line 4 - Add lines 1, 2 and 3. This is your tentative current year cesspool upgrade, conversion or connection tax credit. Form N-20 filers, enter the amount on line 4 on Form N-20, Schedule K; skip lines 5 through 9 and continue to Part III. Form N-35 filers, enter the amount on line 4 on Form N-35, Schedule K; skip lines 5 through 9; and continue to Part III. Form N-40 filers, enter the distributive share amount on Form N-40, Schedule K-1, for each beneficiary, otherwise, continue to line 5. All others continue to line 5. Line 6 - Certain other tax credits must be used to offset a taxpayer’s tax liability before the cesspool upgrade, conversion or connection tax credit may be used. If you are claiming other nonrefundable tax credits, complete the Credit Worksheet below and enter the result on line 6. If you are not claiming any of the nonrefundable tax credits listed on the worksheet, enter zero on line 6. Line 8 - Compare the amounts on lines 4 and 7. Enter the smaller of line 4 or 7 here, rounded to the nearest dollar. This is your maximum credit allowed for the taxable year. Line 9 - This represents your carryover of unused cesspool upgrade, conversion or connection income tax credit which exceeds your net income tax liability and may be used as a credit against your net income tax liability in subsequent years until exhausted. CESSPOOL UPGRADE, CONVERSION OR CONNECTION INCOME TAX CREDIT WORKSHEET Tax Credit a. Income Taxes Paid to Another State or Foreign Country........ b. Enterprise Zone Tax Credit..... c. Carryover of the Energy Conservation Tax Credit.......... d. Credit for Employment of Vocational Rehabilitation Referrals................................. e. Carryover of the Individual Development Account Contribution Tax Credit........... f. Credit for School Repair and Maintenance........................... g. Carryover of the Renewable Energy Technologies Income Tax Credit (For Systems Installed and Placed In Service Before July 1, 2009)........... h. Renewable Energy Technologies Income Tax Credit (Nonrefundable)... i. Add lines a through h. Enter the amount here and on Part II, line 6....................... Amount
Extracted from PDF file 2018-hawaii-form-n-350.pdf, last modified December 2016

More about the Hawaii Form N-350 Corporate Income Tax Tax Credit TY 2018

We last updated the Cesspool Upgrade, Conversion or Year Connection Income Tax Credit in February 2019, so this is the latest version of Form N-350, fully updated for tax year 2018. You can download or print current or past-year PDFs of Form N-350 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 A-6 Tax Clearance Application
Form N-342 Renewable Energy Technologies Income Tax Credit
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

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-350 from the Department of Taxation in February 2019.

Show Sources >

Form N-350 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-350

We have a total of four past-year versions of Form N-350 in the TaxFormFinder archives, including for the previous tax year. Download past year versions of this tax form as PDFs here:


2018 Form N-350

Form N-350 Instructions, Rev 2018, Instructions For Form N-350 Cesspool Upgrade, Conversion or Connection Income Tax Credit

2017 Form N-350

Form N-350, 11/2016, Cesspool Upgrade, Conversion or Connection Income Tax Credit

2016 Form N-350

Form N-350, 11/2016, Cesspool Upgrade, Conversion or Connection Income Tax Credit

Forms 2016 2015 Form N-350

Form N-50, 2016, Cesspool Upgrade, Conversion or Connection Income Tax Credit


TaxFormFinder Disclaimer:

While we do our best to keep our list of Hawaii Income Tax Forms up to date and complete, we cannot be held liable for errors or omissions. Is the form on this page out-of-date or not working? Please let us know and we will fix it ASAP.

** This Document Provided By TaxFormFinder.org **
Source: http://www.taxformfinder.org/hawaii/form-n-350