§235-23  Taxable in another state.  For
purposes of allocation and apportionment of income under this part, a taxpayer
is taxable in another state if:



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



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