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FORM
N-362E State of Hawaii – Department of Taxation
(2023) Pass-Through Entity
N362E_I 2023A 01 VID01
Tax Election
For Calendar Year 2023
OR
Tax Year ___________________ , 2023 thru _________________ , 20___
Attach to Form N-20 or N-35
PART I PASS-THROUGH ENTITY INFORMATION
Taxpayer Name FEIN
Mailing Address City State Zip Code
Total Number of Owners/Partners:
Federal Form Filed: Partnership (Federal 1065) S Corporation (Federal 1120-S)
Check the appropriate box below to indicate who signed this PTE election form authorizing to elect to pay Hawaii income taxes at the entity level.
F This election is signed and dated by each member of the entity who is a member at the time the election is filed. Continue to Part III, Member
Signatures of the Pass-Through Entity, on page 2.
F This election is signed and dated by a responsible party. Any officer, manager, or member of the entity who is authorized to make the election
and who attests to having such authorization under penalty of perjury. Continue to Part II, Responsible Party, and skip Part III.
PART II RESPONSIBLE PARTY
Name SSN
Mailing Address City State Zip Code
Title Email Phone
Declaration
I declare, under penalties set forth in section 231-36, HRS, that this application (including any accompanying schedules or statements) has been
examined by me and, to the best of my knowledge and belief, is a true, correct, and complete application, made in good faith prepared in accordance with
the provisions of Chapter 231, HRS, and the rules issued thereunder.
PLEASE
HERE
SIGN Signature of Responsible Party Date
CHANGES YOU SHOULD NOTE Who May Make The Election
Act 50, Session Laws of Hawaii 2023 - The Pass-Through Entity For taxable years beginning after December 31, 2022, PTEs may make
(PTE) Tax Credit allows partnerships and S corporations to annually elect to a yearly irrevocable election to pay taxes at the PTE level and the election
pay Hawaii income taxes at the entity level. Eligible members of an electing shall be binding on all partners, shareholders, and members of the electing
PTE may claim a nonrefundable income tax credit for their pro rata share PTE.
of PTE taxes paid by the entity. Effective January 1, 2024 for taxable years To make this PTE election, Form N-362E must be:
beginning after December 31, 2022.
(1) Signed and dated by each member of the PTE who are members at
WHERE TO GET TAX FORMS the time of the election; or
Form N-362E is required to be filed electronically with Form N-20 or (2) Signed and dated by a responsible party. Any officer, manager, or
Form N-35 unless a waiver is obtained by filing Form L-110. member of the entity who attests to having such authorization under
Hawaii tax forms, instructions, and schedules may be obtained at any penalty of perjury.
taxation district office or from the Department of Taxation’s website at tax. Time For Filing
hawaii.gov, or you may contact a customer service representative at 808-
587-4242 or 1-800-222-3229* (Toll-Free). For taxable years beginning after December 31, 2022, the yearly election
to pay taxes at the PTE level must be filed with Form N-20 or N-35 on or
GENERAL INSTRUCTIONS before April 20 (or the 20th day of the fourth month following the close of the
Purpose Of Form taxable year for fiscal filers) unless a six-month extension has been granted
for the taxable year. Form N-362E MUST be attached to Form N-20 or N-35.
Use Form N-362E to elect to pay taxes at the PTE level under section
235-_____, Hawaii Revised Statutes.
ID NO 01 FORM N-362E (2023)
