Hawaii Revised Statutes 235-9 – Exemptions; generally
Terms Used In Hawaii Revised Statutes 235-9
- Internal Revenue Code: means subtitle A, chapter 1, of the federal Internal Revenue Code of 1986, as amended as of December 31, 2022, as it applies to the determination of gross income, adjusted gross income, ordinary income and loss, and taxable income, except those provisions of the Internal Revenue Code which, pursuant to this chapter, do not apply or are otherwise limited in application. See Hawaii Revised Statutes 235-2.3
- Mortgage: The written agreement pledging property to a creditor as collateral for a loan.
Except as provided in §§ 235-61 to 235-67 relating to withholding and collection of tax at source, and section Internal Revenue Code provisions; sections 63 to 530″ class=”unlinked-ref” datatype=”S” sessionyear=”2019″ statecd=”HI”>235-2.4 relating to “unrelated business taxable income”, the following persons and organizations shall not be taxable under this chapter: banks, building and loan associations, financial services loan companies, financial corporations, small business investment companies, trust companies, mortgage loan companies, financial holding companies, subsidiaries of financial holding companies as defined in chapter 241, and development companies taxable under chapter 241; insurance companies, agricultural cooperative associations, and fish marketing associations exclusively taxable under other laws; and persons engaged in the business of motion picture and television film production as defined by the director of taxation.