Article: 50235
Overview
Form N 346 is used to calculate and claim the Tax Credit for Research Activities (TCRA) under Hawaii Revised Statutes § 235 110.91. To be eligible, businesses must first claim the federal research credit under Form 6765. This credit is available to qualified taxpayers conducting research in Hawaii that meets federal criteria under IRC Section 41.
Add Form N346
To add the Form N346:
- Go to State Taxes.
- Click I’d like to see the forms I’ve filled out or search for a form.
- Click Hawaii to expand the Forms listing.
- Click on the Credit tab.
- Select N346 – Tax Credit for Research Activities to add and open the form.
- Enter your information and click Save.
This credit is subject to specific qualifications, documentation requirements, and may require pre-certification. Be sure to review Hawaii Department of Taxation guidance or consult a tax professional if you are unsure whether your research qualifies.