Enter Hawaii excise tax credit information
Follow these steps to enter Hawaii Excise Tax Credit Information.
- Open the client and, if necessary, select an activity folder.
- SelectAddand add a new asset, or select an existing asset and selectModify.
- SelectIcode in theCreditfield for the HI treatment column.noteCredit codeIis available if the asset was placed in service between January 1, 1999, and April 30, 2009, or after 2009.
- Enter the sales or use tax credit amount in theSales / use tax credit claimed under Section 238-3(i)field.noteTheSales / use tax credit claimed under Section 238-3(i)field is available only whenIis selected in theCreditfield for the HI treatment in the asset'sDepreciationtab and the in-service date is between January 1, 1999, and April 30, 2009, or after 2009.
- SelectCredit Informationin theOthertab, then select theHI Excise Tax Credittab.noteCredit Informationand theHI Excise Tax Credittab are available when 1 of the following conditions exist:
- CodeIis selected in theCreditfield for the HI treatment and the asset was placed in service between January 1, 1999, and April 30, 2009, or after 2009.
- The HI treatment is enabled and the asset was placed in service between 5/1/09 and 12/31/09.
- Enter information in the fields.
- SelectDone.
