Frequently Asked Questions
Q. Why was the survey requirement removed from the 2020 N346-A Tax Credit form?
A. The survey used to be a completely separate process due after the filing deadline. The survey will now be provided to applicants immediately after requesting a certification from DBEDT and is required before the certification is issued. This will make it easier for everyone.
Q. Can best estimates be used on the N346-A like in years past?
A. Best estimates are allowed; provided that they are reasonable, and the actual claim shall not be larger than the estimated credit applied for.
Q. Why are the tax credits awarded on a first-come, first served basis instead of awarding a pro-rata share?
A. The statute specifies that the certification must be done in this manner. DBEDT was unsuccessful in amending the law through legislation last session and has submitted SB3051 again this year.