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FORM STATE OF HAWAII __DEPARTMENT OF TAXATION TAX
YEAR
CARRYOVER OF TAX CREDITS
N-323
(REV. 2023) Or fiscal year beginning __________________, 20_____, and ending ____________________, 20_____ __
20

ATTACH TO FORM F-1, N-11, N-15, N-30, N-40, OR N-70NP

Name as shown on return SSN or FEIN

PART I ADJUSTED TAX LIABILITY

1. Enter the adjusted tax liability from your Form F-1, N-11, N-15, N-30, or N-40 or N-70NP ............................................. 1

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. ............................................................................................................................... 2
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 .......................................................................................................................................... 3
4. Carryover of unused energy conservation tax credit from prior years. ............................................................................ 4
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 .............................................................................................................. 5
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 ............................................................................................................ 6

PART III 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 ...................................................................................................................... 7
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 ....................................................................................................................... 8
9. Carryover of unused hotel construction and remodeling tax credit from prior years ....................................................... 9
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 .......................................................................................................................................... 10
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 ............................................................................................................ 11

PART IV 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 FORM N-323 (REV. 2023)
ID NO 01

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FORM N-323 PAGE 2
(REV. 2023)

Name as shown on return SSN or FEIN

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 .................................................................................................... 17
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 ............................................................................................................................... 18
19. Carryover of unused residential construction and remodeling tax credit from prior years .............................................. 19
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 .......................................................................................................................................... 20
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 ............................................................................................................ 21

CARRYOVER OF THE RENEWABLE ENERGY TECHNOLOGIES INCOME TAX CREDIT (FOR SYSTEMS INSTALLED
PART VI
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 ................ 22
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 ....................................................................................................................... 23
24. Carryover of unused renewable energy technologies income tax credit (For systems installed and
placed in service before July 1, 2009) from prior years ................................................................................................... 24
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 ............................................................................................................................... 25
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 ............................................................................................................ 26

PART VII 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 .................................................................................................... 27
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 ............................................................................................................................... 28
29. Carryover of unused technology infrastructure renovation tax credit from prior years .................................................... 29
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. ............................................................................................................................... 30
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 ............................................................................................................ 31

FORM N-323 (REV. 2023)

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FORM N-323 PAGE 3
(REV. 2023)

Name as shown on return SSN or FEIN

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 .................................................................................................... 32
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 ............................................................................................................................... 33
34. Carryover of unused high technology business investment tax credit from prior years .................................................. 34
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 ........................................................... 35
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 ............................................................................................................ 36

PART IX 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 .................................................................................................... 37
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 ............................................................................................................................... 38
39. Carryover of unused organic foods production tax credit from prior years ...................................................................... 39
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 ............................................................................................................................................................. 40
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 ............................................................................................................ 41

CARRYOVER OF THE RENEWABLE FUELS PRODUCTION TAX CREDIT (FOR TAX YEARS BEFORE JANUARY 1,
PART X
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 ........................................................................... 42
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 ....................................................................................................................... 43
44. Carryover of unused renewable fuels production tax credit (For tax years before January 1, 2022)
from prior years ............................................................................................................................................................... 44
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 ............................................................................. 45
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 ............................................................................................................ 46

FORM N-323 (REV. 2023)

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