PART II. UNIFORM DIVISION OF INCOME

FOR TAXPURPOSES

 

§235-21  Definitions.  As used in thispart, unless the context otherwise requires:

"Business income" means incomearising from transactions and activity in the regular course of the taxpayer'strade or business and includes income from tangible and intangible property ifthe acquisition, management, and disposition of the property constituteintegral parts of the taxpayer's regular trade or business operations.

"Commercial domicile" means the principalplace from which the trade or business of the taxpayer is directed or managed.

"Compensation" means wages, salaries,commissions, and any other form of remuneration paid to employees for personalservices.

"Nonbusiness income" means all incomeother than business income.

"Public utility" has the meaninggiven that term in section 269-1.

"Sales" means all gross receipts ofthe taxpayer not allocated under sections 235-24 to 235-28.

"State" means any state of the UnitedStates, the District of Columbia, the Commonwealth of Puerto Rico, anyterritory or possession of the United States, and any foreign country orpolitical subdivision thereof. [L 1967, c 33, pt of §1; HRS §235-21]

 

Revision Note

 

  Numeric designations deleted.