Hawaii Revised Statutes 241. Taxation of Banks and Other Financial Corporations

• 241-1 Definitions.
  As used in this chapter unless a different meaning appears from the context: "Bank" means and includes any national banking association and any bank chartered...
• 241-1.5 Time of Application of Tax and Other Provisions.
  (a) The tax imposed by this chapter applies to every bank, building and loan association, development company, financial corporation, financial services loan company, trust...
• 241-2 Imposition of Tax on National Banking Associations; Construction; Exemption From Other Taxes, Except Real Property Tax.
  (a) Every national banking association located or doing business in the State shall annually pay a franchise tax according to, or measured by, its...
• 241-3 Imposition of Tax on Other Banks, Building and Loan Associations, Financial Services Loan Companies, Financial Corporations, Small Business Investment Companies, Trust Companies, Mortgage Loan Companies, Financial Holding Companies, Development Companies, and Subsidiaries.
  Every bank, other than a national banking association, every building and loan association, every financial services loan company, financial corporation, small business investment company,...
• 241-3.5 Deduction From Entire Net Income.
  There shall be allowed as a deduction from entire net income to the extent not deductible in determining federal taxable income, the adjusted eligible...
• 241-4 Measure and Rate of Tax.
  (a) The measure of the tax imposed by this chapter is the entire net income from all sources for the preceding calendar year, or...
• 241-4.3 Alternative Tax.
  Section 1201 (with respect to alternative tax for corporations) of the Internal Revenue Code shall be operative for the purposes of this chapter and...
• 241-4.4 Capital Infrastructure Tax Credit.
  The capital infrastructure tax credit established by section 235-17.5 shall be operative for this chapter for taxable years beginning after December 31, 2013. [L...
• 241-4.5 Capital Goods Excise Tax Credit.
  The capital goods excise tax credit provided under section 235-110.7 shall be operative for this chapter after December 31, 1987; provided that the capital...
• 241-4.6 Renewable Energy Technologies; Income Tax Credit.
  The renewable energy technologies income tax credit provided under section 235-12.5 shall be operative for this chapter for taxable years beginning after December 31,...
• 241-4.7 Low-Income Housing; Income Tax Credit.
  The low- income housing tax credit provided under section 235-110.8 shall be operative for this chapter. [L 1992, c 145, §2]
• 241-4.8 High Technology Business Investment Tax Credit.
  (a) The high technology business investment tax credit provided under section 235-110.9 shall be operative for this chapter on July 1, 1999. (b) For...
• 241-5 Returns; Payment of Tax.
  Returns made on the basis of the calendar year shall be made and filed, and the tax imposed by this chapter shall be paid,...
• 241-6 Chapter 235 Applicable.
  All of the provisions of chapter 235 not inconsistent with this chapter, and which may be appropriately applied to the taxes, persons, circumstances, and...
• 241-7 Disposition of Funds.
  All taxes collected under this chapter shall be state realizations; provided that, by June 30 of each fiscal year, the sum of $2,000,000 shall...

Last modified: October 27, 2016