§235-38  Equitable adjustment of formula. If the allocation and apportionment provisions of this part do not fairlyrepresent the extent of the taxpayer's business activity in this State, thetaxpayer may petition for or the director of taxation may require, in respectto all or any part of the taxpayer's business activity, if reasonable:

(1)  Separate accounting;

(2)  The exclusion of any one or more of the factors;

(3)  The inclusion of one or more additional factorswhich will fairly represent the taxpayer's business activity in this State; or

(4)  The employment of any other method to effectuatean equitable allocation and apportionment of the taxpayer's income. [L 1967, c33, pt of §1; HRS §235-38]