HRS § 235-21 — Definitions


PART II
PART II.
UNIFORM DIVISION OF INCOME
FOR TAX
PURPOSES
§235-21 Definitions. As used in this
part, unless the context otherwise requires:
"Business income" means income
arising from transactions and activity in the regular course of the taxpayer's
trade or business and includes income from tangible and intangible property if
the acquisition, management, and disposition of the property constitute
integral parts of the taxpayer's regular trade or business operations.
"Commercial domicile" means the
principal place from which the trade or business of the taxpayer is directed or
managed.
"Compensation" means wages, salaries,
commissions, and any other form of remuneration paid to employees for personal
services.
"Nonbusiness income" means all income
other than business income.
"Public utility" has the meaning
given that term in section 269-1.
"Sales" means all gross receipts of
the taxpayer not allocated under sections 235-24 to 235-28.
"State" means any state of the United
States, the District of Columbia, the Commonwealth of Puerto Rico, any
territory or possession of the United States, and any foreign country or
political subdivision thereof.