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Page3 NO. <br /> 1 business upon which the tax is calculated and the allocation of <br /> 2 that gross income among the counties." <br /> 3 SECTION 3. Section 239-5, Hawaii Revised Statutes, ie <br /> 4 amended by amending subsection (a) to read as follows: <br /> 5 "(a) There shall be levied and assessed upon each public <br /> 6 utility, except airlines, motor carriers, common carriers by <br /> 7 water, and contract carriers taxed by section 239-6, a tax of <br /> 8 such rate per cent of its gross income each year from its public <br /> 9 utility business as shall be determined in the manner <br /> <br /> 10 hereinafter provided. The tax imposed by this section is in lieu <br /> 11 of all taxes other than those below set out, and is a means of <br /> 12 taxing the [real property (owned by the public utility or leased <br /> 13 to it by a lease under which the public utility is required to <br /> 1~ pay the taxes upon the property), and the] personal property of <br /> 15 the public utility, tangible and intangible, including going <br /> 16 concern value. In addition to the tax imposed by this chapter <br /> 17 there also are imposed income taxes, the specific taxes imposed <br /> 18 by chapter 249, the fees prescribed by chapter 269, any tax <br /> 19 specifically imposed by the terms of the public utility's <br /> 20 franchise or under chapter 240, the use or consumption tax <br /> 21 imposed by chapter 238, and employment taxes. <br /> TAX-14(01) <br /> afANHON0 3J9114 1 <br /> <br />