§235-30  Apportionment; property factor. The property factor is a fraction, the numerator of which is the average valueof the taxpayer's real and tangible personal property owned or rented and usedin this State during the tax period and the denominator of which is the averagevalue of all the taxpayer's real and tangible personal property owned or rentedand used during the tax period. [L 1967, c 33, pt of §1; HRS §235-30]