HRS § 235-9 — Exemptions; generally


§235-9 Exemptions; generally. Except
as provided in sections 235-61 to 235-67 relating to withholding and collection
of tax at source, and section 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.