Instructions for Form N-346A Certified Statement of Research and Development Costs Incurred by a Qualified High Technology Business (Qhtb) and Claim of the Tax Credit for Research Activities - Hawaii

Form N-346A Certified Statement of Research and Development Costs Incurred by a Qualified High Technology Business (Qhtb) and Claim of the Tax Credit for Research Activities - Hawaii

This document contains official instructions for Form N-346A , Certified Statement of Research and Development Tax Credit for Research Activities - a form released and collected by the Hawaii Department of Taxation. An up-to-date fillable Form N-346A is available for download through this link.

FAQ

Q: What is Form N-346A?A: Form N-346A is a certified statement used by qualified high technology businesses in Hawaii to claim the tax credit for research activities.

Q: Who can use Form N-346A?A: Qualified high technology businesses in Hawaii can use Form N-346A.

Q: What is the purpose of Form N-346A?A: The purpose of Form N-346A is to report and certify the research and development costs incurred by a qualified high technology business in Hawaii.

Q: What is a qualified high technology business (QHTB)?A: A qualified high technology business (QHTB) is a business that meets the criteria specified by the Hawaii Department of Taxation to be eligible for the tax credit for research activities.

Q: What is the tax credit for research activities in Hawaii?A: The tax credit for research activities in Hawaii is a credit that qualified high technology businesses can claim for their eligible research and development costs.

Q: What information is required on Form N-346A?A: Form N-346A requires information about the qualified high technology business, including its name, address, federal employer identification number, and the amount of research and development costs incurred.

Q: Are there any deadlines for filing Form N-346A?A: Yes, Form N-346A must be filed with the Hawaii Department of Taxation by the 20th day of the fourth month following the close of the taxable year.

Q: Is there any penalty for late filing of Form N-346A?A: Yes, there may be penalties for late filing of Form N-346A. It is important to file the form on time to avoid penalties.