Entering Hawaii excise tax credit information

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To enter Hawaii Excise Tax Credit Information, perform the following steps.

  1. Open the Asset List window for an activity.
  2. Click the Add button and add a new asset, or highlight an existing asset and click the Modify button.
  3. Select code I in the Credit field for the HI treatment column.

    Note: Credit code I is available if the asset was placed in service between 1/1/99 and 4/30/09 or after 2009.

  4. Enter the sales or use tax credit amount in the Sales / use tax credit claimed under Section 238-3(i) field.

    Note: The Sales / use tax credit claimed under Section 238-3(i) field is available only when I is selected in the Credit field for the HI treatment in the asset's Depreciation tab and the in-service date is between 1/1/99 and 4/30/09 or after 2009.

  5. Click the Credit Information button in the Other tab, and then click the HI Excise Tax Credit tab.

    Note: The Credit Information button and HI Excise Tax Credit tab are available when one of the following conditions exists.

    • Code I is selected in the Credit field for the HI treatment and the asset was placed in service between 1/1/99 and 4/30/09 or after 2009.
    • The HI treatment is enabled and the asset was placed in service between 5/1/09 and 12/31/09.
  6. Enter information in the applicable fields in the Hawaii Excise Tax Information tab.
  7. Click Done.

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