§235-23 - Taxable in another state.

§235-23  Taxable in another state.  Forpurposes of allocation and apportionment of income under this part, a taxpayeris taxable in another state if:

(1)  In that state the taxpayer is subject to a netincome tax, a franchise tax measured by net income, a franchise tax for theprivilege of doing business, or a corporate stock tax, or

(2)  That state has jurisdiction to subject thetaxpayer to a net income tax regardless of whether, in fact, the state does ordoes not. [L 1967, c 33, pt of §1; HRS §235-23; gen ch 1985]