HRS § 238-2.2 — Imposition of tax on intangible property


HRS
[§238-2.2] Imposition of tax on intangible
property. There is hereby levied an excise tax on the value of intangible
property acquired from an unlicensed seller and imported or used in the State.
The tax imposed by this chapter shall accrue when the intangible property is
acquired by the importer or purchaser and becomes subject to the taxing
jurisdiction of the State. The rate of the tax hereby imposed shall be four
per cent of the value of the intangible property.