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Pages NO. <br /> 1 fil3.ngs with the State of Hawaii, provided that if the gross <br /> 2 income from the public utility business attributable to such <br /> 3 county is not so allocated in the public utility's State <br /> 4 filings, then the gross income from the public utility business <br /> S shall be equitably allocated to each county. The relative number <br /> 6 of access lines in each county shall be deemed an acceptable <br /> 7 basis of equitable allocation for telecommunication companies. <br /> 8 The rate of the tax in excess of the four per cent rate <br /> 9 hereinbefore established upon the gross income [of] from the <br /> <br /> to public utility business shall be determined as follows: <br /> 11 If the ratio of the net income of the company to >.te groea <br /> 12 income is fifteen per cent or less, the rate of [the] tax in <br /> 13 excess of the four per cent rate on gross income shall be <br /> 14 [5.885] 1.885 per cent; for all companies having net income >.n <br /> 15 excess of fifteen per cent of the groea, the rate of the tax on <br /> 16 gross income shall increase continuously in proportion to the <br /> 17 increase in ratio of net income to gross, at such rate that for <br /> 18 each increase of one per cent in the ratio of net income to <br /> 19 gross, there shall be an increase of .2675 per cent in the rate <br /> 20 of the tax. <br /> 21 The following formula may be used to determine the rate, in <br /> 22 which formula the term "R" is the ratio of net income to gross <br /> TAX-14(01) <br /> a1ANHOHO 33911{ 1 <br /> <br />