§235-29

Apportionment of business income; percentage

Fraud & financial crimes · Chapter 235 — Income Tax Law · Part II. Uniform Division of Income for Tax

All business income shall be apportioned to this State by multiplying the income by a fraction, the numerator of which is the property factor plus the payroll factor plus the sales factor, and the denominator of which is three. [L 1967, c 33, pt of §1; HRS §235-29]

Source / Amendment history

[L 1967, c 33, pt of §1; HRS §235-29]

View official source on capitol.hawaii.gov ↗