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Hawaii Carryover of Tax Credit (Rev. 2016)
Extracted from PDF file 2023-hawaii-form-n-323.pdf, last modified December 2009Carryover of Tax Credit (Rev. 2016)
Clear Form FORM STATE OF HAWAII __ DEPARTMENT OF TAXATION (REV. 2023) Or fiscal year beginning __________________, 20_____, and ending ____________________, 20_____ N-323 TAX YEAR CARRYOVER OF TAX CREDITS 20__ ATTACH TO FORM F-1, N-11, N-15, N-30, N-40, OR N-70NP Name as shown on return PART I 1. SSN or FEIN ADJUSTED TAX LIABILITY Enter the adjusted tax liability from your Form F-1, N-11, N-15, N-30, or N-40 or N-70NP.............................................. PART II CARRYOVER OF THE CREDIT FOR ENERGY CONSERVATION Note: The energy conservation tax credit expired on June 30, 2003. 2. If you are claiming other credits, complete the Energy Conservation Tax Credit Worksheet in the instructions and enter the total here................................................................................................................................. 3. Line 1 minus line 2. This represents your tax liability, as adjusted. If the result is zero or less than zero, enter zero here and on line 5........................................................................................................................................... 4. Carryover of unused energy conservation tax credit from prior years.............................................................................. 5. Total Credit Applied — Enter the smaller of line 3 or line 4. This is your energy conservation tax credit applied for the year. Also, enter this amount on Schedule CR in Column (b) of the appropriate line for this credit for Form N-11, N-15, N-30, N-40 and N-70NP filers, or the appropriate line on Form F-1, Schedule H, whichever is applicable............................................................................................................... 6. Unused Credit to Carryover — Line 4 minus line 5. This represents your current year’s carryover of unused credit. The amount of any unused credit may be carried over and used as a credit against your tax liability in subsequent years until exhausted. If this amount is more than zero, also enter it on Schedule CR in Column (c) of the appropriate line for this credit............................................................................................................. PART III 2 3 4 5 6 CARRYOVER OF THE HOTEL CONSTRUCTION AND REMODELING TAX CREDIT Note: This is for the computation of the tax credit for costs incurred after November 1, 2001, but before July 1, 2003. 7. If you are claiming other credits, complete the Hotel Construction and Remodeling Tax Credit Worksheet in the instructions and enter the total here....................................................................................................................... 8. Line 1 minus line 7. This represents your tax liability, as adjusted. If the result is zero or less than zero, enter zero here and on line 10........................................................................................................................ 9. Carryover of unused hotel construction and remodeling tax credit from prior years........................................................ 10. Total Credit Applied — Enter the smaller of line 8 or line 9. This is your hotel construction and remodeling tax credit applied for the year. Also, enter this amount on Schedule CR in Column (b) of the appropriate line for this credit........................................................................................................................................... 11. Unused Credit to Carryover — Line 9 minus line 10. This represents your current year’s carryover of unused credit. The amount of any unused credit may be carried over and used as a credit against your tax liability in subsequent years until exhausted. If this amount is more than zero, also enter it on Schedule CR in Column (c) of the appropriate line for this credit............................................................................................................. PART IV 1 7 8 9 10 11 CARRYOVER OF THE CESSPOOL UPGRADE, CONVERSION OR CONNECTION INCOME TAX CREDIT Note: The cesspool upgrade, conversion or connection income tax credit expired on December 31, 2020. 12. If you are claiming other credits, complete the Cesspool Upgrade, Conversion or Connection Income Tax Credit Worksheet in the instructions and enter the total here..................................................................................................... 12 13. Line 1 minus line 12. This represents your tax liability, as adjusted. If the result is zero or less than zero, enter zero here and on line 15........................................................................................................................ 13 14. Carryover of unused cesspool upgrade, conversion or connection income tax credit from prior years........................... 14 15. Total Credit Applied — Enter the smaller of line 13 or line 14. This is your cesspool upgrade, conversion or connection income tax credit applied for the year. Also, enter this amount on Schedule CR in Column (b) of the appropriate line for this credit................................................................................................................................. 15 16. Unused Credit to Carryover — Line 14 minus line 15. This represents your current year’s carryover of unused credit. The amount of any unused credit may be carried over and used as a credit against your tax liability in subsequent years until exhausted. If this amount is more than zero, also enter it on Schedule CR in Column (c) of the appropriate line for this credit............................................................................................................. 16 N323_I 2023A 01 VID01 ID NO 01 FORM N-323 (REV. 2023) FORM N-323 (REV. 2023) PAGE 2 Name as shown on return PART V CARRYOVER OF THE RESIDENTIAL CONSTRUCTION AND REMODELING TAX CREDIT Note: The residential construction and remodeling tax credit expired on June 30, 2003. 17. If you are claiming other credits, complete the Residential Construction and Remodeling Tax Credit Worksheet in the instructions and enter the total here..................................................................................................... 18. Line 1 minus line 17. This represents your tax liability, as adjusted. If the result is zero or less than zero, enter zero here and on line 20................................................................................................................................ 19. Carryover of unused residential construction and remodeling tax credit from prior years............................................... 20. Total Credit Applied — Enter the smaller of line 18 or line 19. This is your residential construction and remodeling tax credit applied for the year. Also, enter this amount on Schedule CR in Column (b) of the appropriate line for this credit........................................................................................................................................... 21. Unused Credit to Carryover — Line 19 minus line 20. This represents your current year’s carryover of unused credit. The amount of any unused credit may be carried over and used as a credit against your tax liability in subsequent years until exhausted. If this amount is more than zero, also enter it on Schedule CR in Column (c) of the appropriate line for this credit............................................................................................................. PART VI 17 18 19 20 21 CARRYOVER OF THE RENEWABLE ENERGY TECHNOLOGIES INCOME TAX CREDIT (FOR SYSTEMS INSTALLED AND PLACED IN SERVICE BEFORE JULY 1, 2009) Note: For systems installed and placed in service on or after July 1, 2009, use Form N-342. 22. If you are claiming other credits, complete the Renewable Energy Technologies Income Tax Credit (For Systems Installed and Placed In Service Before July 1, 2009) Worksheet in the instructions and enter the total here................. 23. Line 1 minus line 22. This represents your tax liability, as adjusted. If the result is zero or less than zero, enter zero here and on line 25........................................................................................................................ 24. Carryover of unused renewable energy technologies income tax credit (For systems installed and placed in service before July 1, 2009) from prior years.................................................................................................... 25. Total Credit Applied — Enter the smaller of line 23 or line 24. This is your renewable energy technologies income tax credit (For systems installed and placed in service before July 1, 2009) applied for the year. Also, enter this amount on Schedule CR in Column (b) of the appropriate line for this credit for Form N-11, N-15, N-30, N-40 and N-70NP filers, or the appropriate line on Form F-1, Schedule H, whichever is applicable................................................................................................................................ 26. Unused Credit to Carryover — Line 24 minus line 25. This represents your current year’s carryover of unused credit. The amount of any unused credit may be carried over and used as a credit against your tax liability in subsequent years until exhausted. If this amount is more than zero, also enter it on Schedule CR in Column (c) of the appropriate line for this credit............................................................................................................. PART VII SSN or FEIN 22 23 24 25 26 CARRYOVER OF THE TECHNOLOGY INFRASTRUCTURE RENOVATION TAX CREDIT Note: The technology infrastructure renovation tax credit expired on December 31, 2010. 27. If you are claiming other credits, complete the Technology Infrastructure Renovation Tax Credit Worksheet in the instructions and enter the total here..................................................................................................... 28. Line 1 minus line 27. This represents your tax liability, as adjusted. If the result is zero or less than zero, enter zero here and on line 30................................................................................................................................ 29. Carryover of unused technology infrastructure renovation tax credit from prior years..................................................... 30. Total Credit Applied – Enter the smaller of line 28 or line 29. This is your technology infrastructure renovation tax credit applied for the year. Also, enter this amount on Schedule CR in Column (b) of the appropriate line for this credit................................................................................................................................. 31. Unused Credit to Carryover — Line 29 minus line 30. This represents your current year’s carryover of unused credit. The amount of any unused credit may be carried over and used as a credit against your tax liability in subsequent years until exhausted. If this amount is more than zero, also enter it on Schedule CR in Column (c) of the appropriate line for this credit............................................................................................................. 27 28 29 30 31 FORM N-323 (REV. 2023) FORM N-323 (REV. 2023) PAGE 3 Name as shown on return PART VIII CARRYOVER OF THE HIGH TECHNOLOGY BUSINESS INVESTMENT TAX CREDIT Note: The high technology business investment tax credit expired on December 31, 2010. 32. If you are claiming other credits, complete the High Technology Business Investment Tax Credit Worksheet in the instructions and enter the total here..................................................................................................... 33. Line 1 minus line 32. This represents your tax liability, as adjusted. If the result is zero or less than zero, enter zero here and on line 35................................................................................................................................ 34. Carryover of unused high technology business investment tax credit from prior years................................................... 35. Total Credit Applied – Enter the smaller of line 33 or line 34. This is your high technology business investment tax credit applied for the year. Also, enter this amount on Schedule CR in Column (b) of the appropriate line for this credit for Form N-11, N-15, N-30, N-40 and N-70NP filers, or the appropriate line on Form F-1, Schedule H, whichever is applicable............................................................ 36. Unused Credit to Carryover — Line 34 minus line 35. This represents your current year’s carryover of unused credit. The amount of any unused credit may be carried over and used as a credit against your tax liability in subsequent years until exhausted. If this amount is more than zero, also enter it on Schedule CR in Column (c) of the appropriate line for this credit............................................................................................................. PART IX 32 33 34 35 36 CARRYOVER OF THE ORGANIC FOODS PRODUCTION TAX CREDIT Note: The organic foods production tax credit expired on December 31, 2021. 37. If you are claiming other credits, complete the Organic Foods Production Tax Credit Worksheet in the instructions and enter the total here..................................................................................................... 38. Line 1 minus line 37. This represents your tax liability, as adjusted. If the result is zero or less than zero, enter zero here and on line 40................................................................................................................................ 39. Carryover of unused organic foods production tax credit from prior years....................................................................... 40. Total Credit Applied — Enter the smaller of line 38 or line 39. This is your organic foods production tax credit applied for the year. Also, enter this amount on Schedule CR in Column (b) of the appropriate line for this credit.............................................................................................................................................................. 41. Unused Credit to Carryover — Line 39 minus line 40. This represents your current year’s carryover of unused credit. The amount of any unused credit may be carried over and used as a credit against your tax liability in subsequent years until exhausted. If this amount is more than zero, also enter it on Schedule CR in Column (c) of the appropriate line for this credit............................................................................................................. PART X SSN or FEIN 37 38 39 40 41 CARRYOVER OF THE RENEWABLE FUELS PRODUCTION TAX CREDIT (FOR TAX YEARS BEFORE JANUARY 1, 2022) Note: For taxable years beginning after December 31, 2021, use Form N-360. 42. If you are claiming other credits, complete the Fuels Production Tax Credit (For Tax Years Before January 1, 2022) Worksheet in the instructions and enter the total here............................................................................ 43. Line 1 minus line 42. This represents your tax liability, as adjusted. If the result is zero or less than zero, enter zero here and on line 45........................................................................................................................ 44. Carryover of unused renewable fuels production tax credit (For tax years before January 1, 2022) from prior years................................................................................................................................................................ 45. Total Credit Applied — Enter the smaller of line 43 or line 44. This is your renewable fuels production tax credit (For tax years before January 1, 2022) applied for the year. Also, enter this amount on Schedule CR in Column (b) of the appropriate line for this credit.............................................................................. 46. Unused Credit to Carryover — Line 44 minus line 45. This represents your current year’s carryover of unused credit. The amount of any unused credit may be carried over and used as a credit against your tax liability in subsequent years until exhausted. If this amount is more than zero, also enter it on Schedule CR in Column (c) of the appropriate line for this credit............................................................................................................. 42 43 44 45 46 FORM N-323 (REV. 2023)
Form N-323, Rev. 2022, Carryover of Tax Credits
More about the Hawaii Form N-323 Corporate Income Tax Tax Credit TY 2023
We last updated the Carryover of Tax Credit (Rev. 2016) in January 2024, so this is the latest version of Form N-323, fully updated for tax year 2023. You can download or print current or past-year PDFs of Form N-323 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 N-342 | Renewable Energy Technologies Income Tax Credit |
| Form N-40 Sch. K1 | Beneficiary's Share of Income, Deductions, Credits, etc |
| Form A-6 | Tax Clearance Application |
| Form F-1 | Franchise Tax Return |
| Form N-301 | Application for Automatic Extension of Time to File Hawaii Corporation Income Tax Return |
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-323 from the Department of Taxation in January 2024.
Form N-323 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-323
We have a total of twelve past-year versions of Form N-323 in the TaxFormFinder archives, including for the previous tax year. Download past year versions of this tax form as PDFs here:
2023 Form N-323
Form N-323, Rev. 2022, Carryover of Tax Credits
2022 Form N-323
Form N-323, Rev. 2022, Carryover of Tax Credits
2021 Form N-323
Form N-323, Rev. 2021, Carryover of Tax Credits
2020 Form N-323
Form N-323, Rev. 2020, Carryover of Tax Credits
2019 Form N-323
Form N-323, 2019, Carryover of Tax Credits
2018 Form N-323
Instructions for Form N-323, 2018
2017 Form N-323
Form N-323, 2014, Carryover of Tax Credits
2016 Form N-323
Form N-323, 2014, Carryover of Tax Credits
2015 Form N-323
Form N-323, 2014, Carryover of Tax Credits
2014 Form N-323
Form N-323, 2014, Carryover of Tax Credits
2012 Form N-323
PDF Form Pack
2011 Form N-323
Form N-323, 2011, Carryover of Tax Credits
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