Hawaii School Repair and Maintenance Tax Credit

School Repair and Maintenance Tax Credit
Form N-330 Rev 2020 School Repair and Maintenance Tax Credit
Clear Form
STATE OF HAWAII—DEPARTMENT OF TAXATION
		
FORM

CREDIT FOR SCHOOL REPAIR AND

TAX
YEAR

			
N-330
MAINTENANCE
(REV. 2020)

Or fiscal year beginning _________________, 20___, and ending __________________, 20____

20__

ATTACH TO FORM F-1, N-11, N-15, N-20, N-30, N-35, N-40, OR N-70NP
Name(s) as shown on tax return	

SSN or FEIN

DEPARTMENT OF EDUCATION CERTIFICATE
(Completed by the Department of Education only)
1. Name

2. SSN/FEIN

3. Address (Number and street, including apartment number or rural route, city, state, and postal/zip code)
4. Value of the contributed in-kind services

5. Date contribution made

$

6. Contractor is licensed under:
7. Contractor’s or RME’s License No.
8. Dept. of Taxation Tax Clearance
Certificate obtained (see Instructions)
  Chapter 444, HRS
  Chapter 460J, HRS
 Yes
  Chapter 464, HRS
 No
  (see Instructions)
This is to certify that the contractor above has contributed in-kind services in accordance with Act 213, Session Laws of Hawaii 2004.

Signature of Certifying Officer	

Date of Certification

Type or Print Name and Title

COMPUTATION OF TAX CREDIT (Completed by Taxpayer)
Note:	 If you are only claiming your distributive share(s) of a credit distributed from a partnership, an S corporation, an
estate, or a trust, skip lines 9 through 10 and begin on line 11.
9.

Enter the certified value from line 4 or $40,000, whichever is less (see Instructions)................................. 	

9

10. Multiply line 9 by 10% (.10) and enter result here....................................................................................... 	 10
11. Flow through of credit for school repair and maintenance received from other
entities, if any:  Check the applicable box below.
Enter the name and Federal Employer I.D. No. of Entity:
__________________________________________________________________________________
 a	 Partner — enter the appropriate amount from Schedule K-1 (Form N-20).....................................
 b	 S Corp. — enter the appropriate total from Schedule K-1 (Form N-35)..........................................
 c	 Beneficiary — enter the appropriate amount from Schedule K-1 (Form N-40)...............................
 d	 Patron — enter the amount from federal Form 1099-PATR............................................................. 	 11
12. Total New Credit Claimed — Add lines 10 and 11. Also enter this amount on Schedule CR in
Column (a) of the appropriate line for this credit........................................................................................ 	 12
Note: Form N-20 and N-35 filers, enter the amount on line 12 on the appropriate lines of Form N-20, Schedule K
or Form N-35, Schedule K; skip lines 13 through 19. Form N-40 filers, see the instructions.

13. Carryover of unused credit for school repair and maintenance from prior year.......................................... 	 13
14. Add lines 12 and 13 and enter the total here. This represents your tentative current year credit for
school repair and maintenance .................................................................................................................. 	 14
(Continued on back)
FORM N-330
N330_I 2020A 01 VID01

ID NO 01

	
Form N-330 (REV. 2020) 	

Page 2

Adjusted Tax Liability Limitations (Not to be completed by Form N-20 and Form N-35 filers)
15.	 Enter your Adjusted Income Tax Liability, after applying refundable credits, from the
applicable Form N-11, N-15, N-30, N-40 or N-70NP................................................................................... 	 15
16.	 If you are claiming other nonrefundable credits, complete the credit worksheet in the Instructions and
enter the total here. If you are not claiming other nonrefundable credits, enter zero.................................. 	 16
17.	 Line 15 minus line 16. This represents your remaining tax liability. If the result is zero or less
than zero, enter zero................................................................................................................................... 	 17
18.	 Total Credit Applied — Enter the smaller of line 14 or line 17. This is your credit for school repair
and maintenance to be applied to this tax year. Also, enter this amount on Schedule CR in
Column (b) of the appropriate line for this credit........................................................................................ 	 18
19.	 Unused Credit to Carryover — Line 14 minus line 18. 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 this on Schedule CR in Column (c) of the appropriate line for this credit.................................. 	 19

FORM N-330