§431:7-206  Domestic company credit forretaliatory taxes paid other states.  If by the laws of any state otherthan this State, or by the action of any public official of another state, anyinsurer or company, as defined in section 431:1-202, organized or domiciled inthis State, shall be required to pay taxes for the privilege of doing businessin the other state, and the amounts are imposed or assessed so that the taxeswhich are or would be imposed against Hawaii domestic insurance companies aregreater than those taxes required of insurers organized or domiciled in theother state, to the extent the amounts are legally due to the other states, aninsurer or company organized or domiciled in this State may claim a creditagainst the tax payable pursuant to this article of a sum not to exceed onehundred per cent of the amount.  The credit shall not be greater than the taxpayable pursuant to this article during the taxable year.  All claims for thetax credit under this section, including any amended claims, shall be filed onor before the end of the twelfth month following the close of the taxable yearfor which the credit may be claimed.  Failure to comply with the foregoingprovision shall constitute a waiver of the right to claim the credit. [L 1987, c348, §14; am L 2009, c 77, §6]