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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 on or after July 1, 2009 in Hawaii.
Q: What does this form pertain to?A: This form pertains to the Renewable Energy Technologies Income Tax Credit for systems installed and placed in service on or after July 1, 2009 in Hawaii.
Q: When is this tax credit available?A: The tax credit is available for systems installed and placed in service on or after July 1, 2009 in Hawaii.
Q: What is the purpose of this form?A: The purpose of this form is to provide information regarding the Renewable Energy Technologies Income Tax Credit in Hawaii.
Q: Who is eligible for this tax credit?A: Taxpayers in Hawaii who install and place in service eligible renewable energy systems on or after July 1, 2009 may be eligible for this tax credit.
Q: What are the eligible renewable energy systems for this tax credit?A: Eligible renewable energy systems for this tax credit include solar water heating systems, photovoltaic systems, wind-powered systems, and hydroelectric systems.
Q: How much is the tax credit?A: The tax credit is 35% of the actual cost or $5,000 per system, whichever is less.
Q: What is the maximum tax credit available?A: The maximum tax credit available is $5,000 per system.
Q: How can I claim this tax credit?A: You can claim this tax credit by completing Form N-342A and attaching it to your Hawaii individual income tax return.
Q: What documentation do I need to provide?A: You need to provide proof of installation and payment for the eligible renewable energy system.
Form Details:
- Released on January 1, 2020;
- 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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