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This version of the form is not currently in use and is provided for reference only. Download this version of
Form N-342A
for the current year.
Form N-342A Information Statement Concerning Renewable Energy Technologies Income Tax Credit for Systems Installed and Placed in Service on or After July 1, 2009 - Hawaii
What Is Form N-342A?
This is a legal form that was released by the Hawaii Department of Taxation - a government authority operating within Hawaii. As of today, no separate filing guidelines for the form are provided by the issuing department.
FAQ
Q: What is Form N-342A?A: Form N-342A is an Information Statement concerning the Renewable Energy Technologies Income Tax Credit for systems installed and placed in service in Hawaii on or after July 1, 2009.
Q: What does Form N-342A apply to?A: Form N-342A applies to the Renewable Energy Technologies Income Tax Credit for systems installed and placed in service in Hawaii on or after July 1, 2009.
Q: What is the purpose of Form N-342A?A: The purpose of Form N-342A is to provide information regarding the Renewable Energy Technologies Income Tax Credit.
Q: When should Form N-342A be filed?A: Form N-342A should be filed annually by taxpayers claiming the Renewable Energy Technologies Income Tax Credit. The due date is usually April 20th.
Q: Is the Renewable Energy Technologies Income Tax Credit available for systems installed before July 1, 2009?A: No, the Renewable Energy Technologies Income Tax Credit is only available for systems installed and placed in service on or after July 1, 2009.
Q: What are Renewable Energy Technologies?A: Renewable Energy Technologies include solar energy, wind energy, hydroelectric power, geothermal energy, and ocean thermal energy conversion.
Q: What is the income tax credit amount for Renewable Energy Technologies?A: The income tax credit amount for Renewable Energy Technologies is 35% of the actual cost or $5,000 per system, whichever is less.
Q: Can the Renewable Energy Technologies Income Tax Credit be carried forward?A: No, the Renewable Energy Technologies Income Tax Credit cannot be carried forward to future years.
Q: Are there any limitations or restrictions for claiming the Renewable Energy Technologies Income Tax Credit?A: Yes, there are certain limitations and restrictions, such as a cap on the total credit amount available each year and a limit on the credit for each individual system.
Form Details:
- Released on January 1, 2017;
- The latest edition provided by the Hawaii Department of Taxation;
- Easy to use and ready to print;
- Quick to customize;
- Compatible with most PDF-viewing applications;
- Fill out the form in our online filing application.
Download a fillable version of Form N-342A by clicking the link below or browse more documents and templates provided by the Hawaii Department of Taxation.
Download Form N-342A Information Statement Concerning Renewable Energy Technologies Income Tax Credit for Systems Installed and Placed in Service on or After July 1, 2009 - Hawaii
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