HRS §235-30
Property factor calculation
This section explains how to calculate the property factor for business taxes. It is a fraction: the value of property you own or rent and use in Hawaii divided by the value of all such property you use everywhere. No other rules are given here.
businesses
The statute, as written — Apportionment; property factor
The property factor is a fraction, the numerator of which is the average value of the taxpayer's real and tangible personal property owned or rented and used in this State during the tax period and the denominator of which is the average value of all the taxpayer's real and tangible personal property owned or rented and used during the tax period.
LawTrove is not legal advice. The summary above is a computer-generated restatement — the authoritative text is the official version linked above.