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                                              STATE OF HAWAII—DEPARTMENT OF TAXATION
      FORM                                                                                                                                                                                          TAX
                                          IMPORTANT AGRICULTURAL LAND QUALIFIED                                                                                                                     YEAR
 N-344                                    AGRICULTURAL COST TAX CREDIT
  (REV. 2020)
                                          Or fiscal year beginning _________________, 20___, and ending __________________, 20____                                                                  20__
                                                                           
                                          ATTACH TO FORM 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

 PPart IartCREDITICERTIFICATE

                                          DEPARTMENT OF AGRICULTURE CERTIFICATE 
                                              (Completed by the Department of Agriculture only)
 1. Name of taxpayer                                                                                                                                                                     2. SSN/FEIN

 3. Address (Number and street, including apartment number or rural route, city, state, and postal/zip code)

 4. Description of designated important agricultural land (Include Tax Map Key, Number of acres, and Island)
  
 5. Total qualified costs allowed                        6. Credit Year:
  $                                                                                  First Year                 Second Year                                                                Third Year

 7. Amount of tax credit allowed for tax year 20__ .........................................................$  

           This is to certify that the amounts noted above have been verified in accordance with section 235-110.93, Hawaii Revised Statutes.

                                          Signature of Certifying Officer                                       Date of Certification

                                          Type or Print Name and Title
 PartP IIartCOMPUTATIONII    OF TAX CREDIT
 Note: If you are only claiming your distributive share of a tax credit distributed from a partnership, an S corporation, an 
      estate, or a trust, skip line 1 and begin on line 2.
 1    Total amount of certified tax credit allowed for the tax year from Part I, line 7 .............................................................                                    1
 2    Flow through of important agricultural land qualified agricultural cost tax credit 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 amount from the appropriate line on Schedule K-1 (Form N-20) ...........................................
      b    S corporation shareholder — enter amount from the appropriate line on Schedule K-1 (Form N-35) .............
      c    Beneficiary — enter amount from the appropriate line on Schedule K-1 (Form N-40) .....................................
      d    Patron — enter the amount from federal Form 1099-PATR ..............................................................................                                         2
 3    Total credit — Add lines 1 and 2 and enter the result here, rounded to the nearest dollar, and on the appropriate 
      line for the credit on Schedule CR. For pass-through entities, enter this amount on the appropriate lines on your  
      tax return. .....................................................................................................................................................................  3
 Part III  RECAPTURE OF TAX CREDIT
 1    Enter the taxable year for which the certified written statement was not submitted to the Department of  
      Agriculture ....................................................................................................................................................................   1
  2   Enter the amount of tax credit claimed for the taxable year in which the certified written statement was  
      not submitted to the Department of Agriculture.  Add this amount, rounded to the nearest dollar, to your 
      tax liability for the tax year in which the recapture occurred ........................................................................................                            2

N344_I 2020A 01 VID01                                                     ID NO 01                                                                                                                  FORM N-344

FORM N-344 
(REV. 2020)                                                                                                                                                                  PAGE  2

Part IV FLOW-THROUGH ENTITIES ALLOCATING THE CREDIT TO PARTNERS, SHAREHOLDERS, OR BENEFICIARIES
1.    Tax credit allocated to partners, shareholders, or beneficiaries. Enter the amount from Part II, line 3 ...................... $  
2.    Allocate the tax credit to partners, shareholders, or beneficiaries as follows (if more space is needed, attach additional sheet(s)):
                                                                                                                    (c)                                             (d) 
   (a)      (b)                                                                                                     Identifying No. of Partner,                     Amount of Tax Credit 
   No.      Name and Address of Partner, Shareholder, or Beneficiary
                                                                                                                    Shareholder, or Beneficiary                     Allocated
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3.    Total from additional sheet(s) ............................................................................................................................. 3
4.    Total amounts allocated (Must equal Part IV, line 1 above.) ..............................................................................                   4

                                                                                                                                                                    FORM N-344