Form N-30 "Corporation Income Tax Return" - Hawaii

Form N-30 or the "Corporation Income Tax Return" is a form issued by the Hawaii Department of Taxation.

Download a fillable PDF version of the Form N-30 down below or find it on the Hawaii Department of Taxation Forms website.

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Clear Form
THIS SPACE FOR DATE RECEIVED STAMP
STATE OF HAWAII — DEPARTMENT OF TAXATION
FORM
N-30
CORPORATION INCOME TAX RETURN
(REV. 2017)
2017
CALENDAR YEAR
or other tax year beginning  _________________ , 2017
and ending  _________________ , 20 ____
IRS Adjustment
Change of Address
AMENDED Return (Attach Sch AMD)
NOL Carryback
 Federal Employer I.D. No.
Name
Business Activity Code No. (Use code shown on federal
Dba or C/O
form 1120 or 1120A)
Mailing Address (number and street)
Date business began in Hawaii
City or town, State, and Postal/ZIP Code. If foreign address, see Instructions.
Hawaii Business Activity
 Hawaii Tax I.D. No.
THIS RETURN IS (CHECK BOX, IF APPLICABLE):
 For a multi-state corporation using separate accounting.
 For a real estate investment trust (REIT).
 A combined return of a unitary group of corporations. (See instructions)
A consolidated return. (Domestic (Hawaii) corporations only.)
 A separate return of a member corporation of a unitary group. (See instructions)
(Attach a copy of Hawaii Forms N-303 and N-304 for each subsidiary)
FOR LINES 1 - 5 and 7 - 10, ENTER AMOUNTS FROM COMPARABLE LINES ON FEDERAL RETURN.
1
(a) Gross receipts or sales . . . . . . . . . . . . . . . . . . . . . . . . . . . 1(a)
(b) Returns and allowances . . . . . . . . . . . . . . . . . . . . . . . . . . . 1(b)
(c) Line 1(a) minus line 1(b) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .  1(c)
2
2
Cost of goods sold . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
3
3
Interest . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
4
4
Gross rents . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
5
5
Gross royalties . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
6
(a) Capital gain net income (attach Hawaii Schedule D) . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
6(a)
(b) Net gain (loss) from Hawaii Schedule D-1, Part II, line 19 (attach Schedule D-1). . . . . . . . . . . . . . .
6(b)
7
7
Other income . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
8
TOTAL INCOME . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . TOTAL INCOME
8
9
TOTAL DEDUCTIONS . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . TOTAL DEDUCTIONS
9
10
10
Taxable income before Hawaii adjustments — Line 8 minus line 9. Enter here and on Schedule J, line 1 . . .
11
TOTAL TAX (Schedule J, line 24) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . TOTAL TAX
11
12
12
Total refundable credits from Schedule CR, line 26 . . . . . . . . . . . . . .
13
13
Line 11 minus line 12. If line 13 is zero or less, see Instructions. . . . . . . . . . . . . . . . . . . . . . . . .
14
14
Total nonrefundable credits from Schedule CR, line 18 . . . . . . . . . . . .
15
15
Line 13 minus line 14 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
16
(a) 2016 overpayment allowed as a credit . . . . . . . . . . . . . . . . . . . 16(a)
00
(b) 2017 estimated tax payments (including any Form N-288A withholdings. See Instructions) 16(b)
(c) Payments with extension (attach Form N-301) . . . . . . . . . . . . . . . 16(c)
(d) Total (Add lines 16(a), 16(b), and 16(c)) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .TOTAL
16(d)
17
17
Estimated tax penalty (see Instructions). Check if Form N-220 is attached . . . . . . . . . . . . . .
18
18
TAX DUE (If the total of lines 15 and 17 are larger than line 16(d)), enter AMOUNT OWED . . . . . . . . . .
19
19
If line 16(d) is larger than the total of lines 15 and 17, enter AMOUNT OVERPAID. See Instructions. . . . . . .
20
Enter amount of line 19 you want Credited to 2018 estimated tax20(a) $
Refunded
20(b)
21
Amount paid (overpaid) on original return — AMENDED RETURN ONLY (See Instructions. Attach Sch AMD)
21
22
BALANCE DUE (REFUND) with amended return (See Instructions. Attach Sch AMD) . . . . . . . . . . . .
22
I declare, under the penalties set forth in section 231-36, HRS, that this return (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. Declaration of preparer (other than taxpayer) is based on all information of which preparer has any knowledge.
Signature of officer
Print or type name and title of officer
Date
May the Hawaii Department of Taxation discuss this return with the preparer shown below? (See page 2 of the Instructions) This designation does not replace Form N-848
Yes
No
Preparer’s signature
Preparer’s identification no.
and date
Check if
Paid
Print Preparer’s Name
self-employed 
Preparer’s
Firm’s name (or yours,
Federal
Information
E.I. No.
if self-employed)
Phone no. 
Address and ZIP Code
FORM N-30
N30_F 2017A 01
Clear Form
THIS SPACE FOR DATE RECEIVED STAMP
STATE OF HAWAII — DEPARTMENT OF TAXATION
FORM
N-30
CORPORATION INCOME TAX RETURN
(REV. 2017)
2017
CALENDAR YEAR
or other tax year beginning  _________________ , 2017
and ending  _________________ , 20 ____
IRS Adjustment
Change of Address
AMENDED Return (Attach Sch AMD)
NOL Carryback
 Federal Employer I.D. No.
Name
Business Activity Code No. (Use code shown on federal
Dba or C/O
form 1120 or 1120A)
Mailing Address (number and street)
Date business began in Hawaii
City or town, State, and Postal/ZIP Code. If foreign address, see Instructions.
Hawaii Business Activity
 Hawaii Tax I.D. No.
THIS RETURN IS (CHECK BOX, IF APPLICABLE):
 For a multi-state corporation using separate accounting.
 For a real estate investment trust (REIT).
 A combined return of a unitary group of corporations. (See instructions)
A consolidated return. (Domestic (Hawaii) corporations only.)
 A separate return of a member corporation of a unitary group. (See instructions)
(Attach a copy of Hawaii Forms N-303 and N-304 for each subsidiary)
FOR LINES 1 - 5 and 7 - 10, ENTER AMOUNTS FROM COMPARABLE LINES ON FEDERAL RETURN.
1
(a) Gross receipts or sales . . . . . . . . . . . . . . . . . . . . . . . . . . . 1(a)
(b) Returns and allowances . . . . . . . . . . . . . . . . . . . . . . . . . . . 1(b)
(c) Line 1(a) minus line 1(b) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .  1(c)
2
2
Cost of goods sold . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
3
3
Interest . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
4
4
Gross rents . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
5
5
Gross royalties . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
6
(a) Capital gain net income (attach Hawaii Schedule D) . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
6(a)
(b) Net gain (loss) from Hawaii Schedule D-1, Part II, line 19 (attach Schedule D-1). . . . . . . . . . . . . . .
6(b)
7
7
Other income . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
8
TOTAL INCOME . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . TOTAL INCOME
8
9
TOTAL DEDUCTIONS . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . TOTAL DEDUCTIONS
9
10
10
Taxable income before Hawaii adjustments — Line 8 minus line 9. Enter here and on Schedule J, line 1 . . .
11
TOTAL TAX (Schedule J, line 24) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . TOTAL TAX
11
12
12
Total refundable credits from Schedule CR, line 26 . . . . . . . . . . . . . .
13
13
Line 11 minus line 12. If line 13 is zero or less, see Instructions. . . . . . . . . . . . . . . . . . . . . . . . .
14
14
Total nonrefundable credits from Schedule CR, line 18 . . . . . . . . . . . .
15
15
Line 13 minus line 14 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
16
(a) 2016 overpayment allowed as a credit . . . . . . . . . . . . . . . . . . . 16(a)
00
(b) 2017 estimated tax payments (including any Form N-288A withholdings. See Instructions) 16(b)
(c) Payments with extension (attach Form N-301) . . . . . . . . . . . . . . . 16(c)
(d) Total (Add lines 16(a), 16(b), and 16(c)) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .TOTAL
16(d)
17
17
Estimated tax penalty (see Instructions). Check if Form N-220 is attached . . . . . . . . . . . . . .
18
18
TAX DUE (If the total of lines 15 and 17 are larger than line 16(d)), enter AMOUNT OWED . . . . . . . . . .
19
19
If line 16(d) is larger than the total of lines 15 and 17, enter AMOUNT OVERPAID. See Instructions. . . . . . .
20
Enter amount of line 19 you want Credited to 2018 estimated tax20(a) $
Refunded
20(b)
21
Amount paid (overpaid) on original return — AMENDED RETURN ONLY (See Instructions. Attach Sch AMD)
21
22
BALANCE DUE (REFUND) with amended return (See Instructions. Attach Sch AMD) . . . . . . . . . . . .
22
I declare, under the penalties set forth in section 231-36, HRS, that this return (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. Declaration of preparer (other than taxpayer) is based on all information of which preparer has any knowledge.
Signature of officer
Print or type name and title of officer
Date
May the Hawaii Department of Taxation discuss this return with the preparer shown below? (See page 2 of the Instructions) This designation does not replace Form N-848
Yes
No
Preparer’s signature
Preparer’s identification no.
and date
Check if
Paid
Print Preparer’s Name
self-employed 
Preparer’s
Firm’s name (or yours,
Federal
Information
E.I. No.
if self-employed)
Phone no. 
Address and ZIP Code
FORM N-30
N30_F 2017A 01
FORM N-30 (REV. 2017)
Page 2
Name as shown on return
Federal Employer Identification Number
Schedule C
Income From Dividends (Classified for Hawaii Purposes)
2 National Bank
3 Received from an
4 Received by a Small
Associations
affiliate (including
Business Investment
1 Name of declaring corporation
5 Columns 2 through 4
or certain high
foreign) as
Co. operating under
(Attach a separate sheet if more space is needed.)
and all other dividends
technology
IRC section 243(b)
Small Business
businesses
qualifying dividend
Investment Act
6
Total dividends. (Subtotal of column 5) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
7
Sum of columns 2 through 4 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
8
Subtotal. Line 6 minus line 7 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
9
Multiply line 8 by .30 (30%) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
10
Taxable mutual funds dividends . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
11
Total taxable dividends. Line 9 plus line 10 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Adjustments to Income for Hawaii Purposes and Tax Computation
Schedule J
1
1
Taxable income (loss) before Hawaii adjustments from page 1, line 10 (Unitary business taxpayers, see Instructions) . . .
2
(a) Taxable dividends from Schedule C, Line 11 . . . . . . . . . . . . . . . .
2(a)
(b) Deductions allowable for federal tax purposes but not allowable or
2(b)
allowable only in part for Hawaii tax purposes (attach schedule) . . . . . .
(c) The portion of the Hawaii jobs credit claimed applicable to current year
2(c)
new employees from Schedule CR, line 5 (see Instructions) . . . . . . . .
(d) Other adjustments (attach schedule) . . . . . . . . . . . . . . . . . . . .
2(d)
3
3
Total additions (Add lines 2(a), 2(b), 2(c) and 2(d)) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
4
4
Total of lines 1 and 3 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
5
5
Entire dividends as reported on federal return and included on page 1, line 8 . . .
6
6
Interest on obligations of the United States included on page 1, line 8 . . . . .
7
Net income from sources outside Hawaii received by a foreign or domestic corporation,
except for unitary business taxpayers using Form N-30, Schedules O & P. . . . . . . .
7
8
Amortization of casualty losses where election is made to amortize for Hawaii tax
8
purposes under section 235-7(f), HRS (attach explanation) . . . . . . . . . . .
9
9
Net operating loss deduction (under section 235-7(d), HRS) (attach schedule) . .
10
10
Other deductions or adjustments (attach schedule) . . . . . . . . . . . . . .
11
11
Total subtractions (Add lines 5, 6, 7, 8, 9, and 10) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
12
12
Taxable income (loss) for Hawaii tax purposes (line 4 minus line 11) . . . . . . . . . . . . . . . . . . . . . .
13
Enter the amount of net capital gains as shown on Schedule D, line 18 (Schedules O & P taxpayers, see Instructions) . . .
13
14
14
Line 12 minus line 13 (if less than zero, enter zero) . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
15
(a) Tax on capital gain, line 13 — Enter 4% of amount on line 13 . . . . . . . . . . . . . . . . . . . . . . . .
15(a)
(b) Tax on all other taxable income, line 14 — If the amount on line 14 is:
15(b)(i)
(i)
Not over $25,000 — Enter 4.4% of line 14 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
(ii)
Over $25,000 but not over $100,000 — Enter 5.4% of line 14 $____________________________
15(b)(ii)
Subtract $250.00 and enter difference . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
(iii) Over $100,000 — Enter 6.4% of line 14 $_____________________________
15(b)(iii)
Subtract $1,250.00 and enter difference . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
(c) Total of lines 15(a) and 15(b) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
15(c)
(d) Using the rates listed on line 15(b), compute tax on all taxable income using amount from line 12 . . . . .
15(d)
16
16
Total tax (enter the lesser of line 15(c) or 15(d)) (Combined unitary group filers, see Instructions) . . . . . . .
17
17
Recapture of Capital Goods Excise Tax Credit from Form N-312, Part II. . . .
18
18
Recapture of Low-Income Housing Tax Credit from Form N-586, Part III . . .
19
19
Recapture of Tax Credit for Flood Victims from Form N-338 . . . . . . . . . .
20
Recapture of Important Agricultural Land Qualified Agricultural Cost Tax Credit from Form N-344 . .
20
21
21
Recapture of Capital Infrastructure Tax Credit from Form N-348, Part IV . . .
22
22
Total recapture of tax credits (Add lines 17, 18, 19, 20, and 21) . . . . . . . . . . . . . . . . . . . . . . . . .
23
23
Interest due under the look-back method — completed long-term contracts (See Instructions. Attach federal Form 8697) . .
24
24
Total tax (Add lines 16, 22, and 23). Enter here and on page 1, line 11 . . . . . . . . . . . . . . . . . . .
FORM N-30
N30_F 2017A 02
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