N-303: Authorization and Consent of Subsidiary Corporation to be Included in a Consolidated Income Tax Return (2025)
Hawaii · Hawaii DoTax · Used for tax years 2025
Hawaii Form N-303 records a subsidiary corporation’s authorization and consent to be included in a consolidated income tax return filed by its common parent corporation. It identifies the subsidiary and parent and reports the subsidiary’s incorporation details, outstanding capita
Who files this form
For the first year a consolidated return is filed, Form N-303 must be attached for each subsidiary corporation. The form records the subsidiary’s authorization and consent to be included in the consolidated income tax return.
What you'll need
Have the following information ready to complete the form:
- The calendar year, or the beginning and ending dates of the taxable year.
- The subsidiary’s name, mailing address, and federal employer identification number.
- Its date and place of incorporation.
- Its common and preferred capital stock outstanding at the beginning of the taxable year.
- Its kind of business and whether it is active or inactive.
- The common parent corporation’s name and federal employer identification number.
- The authorized signer’s signature, printed name, title, and signing date.
How to file
Type or print the requested information. Have a person authorized by the subsidiary sign and date the form and print their name and title.
Attach a Form N-303 for each subsidiary to the consolidated return for the first year a consolidated return is filed. The supplied form does not give a mailing address or e-filing instructions.
Common mistakes
- Do not leave out a subsidiary’s Form N-303 in the first year a consolidated return is filed. The form says one must be attached for each subsidiary.
- Before signing, check that the signer is authorized by the subsidiary and that the information is true, correct, and complete. The signature declaration is made under the penalties set forth in section 231-36, HRS.
Questions people ask
What does the subsidiary authorize by signing this form?
It authorizes the named common parent corporation to make a consolidated income tax return on its behalf for the taxable year shown on the form. The subsidiary also agrees to be bound by section 235-92(2), HRS.
Does the authorization cover later years?
Yes. It also authorizes the common parent corporation, or if the parent fails to act, the Hawaii Director of Taxation, to make a consolidated return on the subsidiary’s behalf for each later taxable year for which the affiliated group must make one under section 235-92(2), HRS.
Who can sign Form N-303?
The signer must be authorized by the subsidiary to sign on its behalf. The signer declares that they have examined the form and that, to the best of their knowledge and belief, its information is true, correct, and complete.
Can the form show a taxable year other than a calendar year?
Yes. It has spaces for either a calendar year or the beginning and ending dates of another taxable year.