HRS §235-72
Corporations in partnerships
This section says that for Hawaii state income tax, corporations that do business as partners in a partnership are treated the same way the federal Internal Revenue Code treats them. It is a short rule that just points to federal tax treatment.
businesses
The statute, as written — Corporations carrying on business in partnership
Corporations carrying on business in partnership shall be treated in the same manner by this chapter as they are treated by the Internal Revenue Code. [L Sp 1957, c 1, pt of §2; Supp, §121-24; HRS §235-72; am L 1978, c 173, §2(14)]
LawTrove is not legal advice. The summary above is a computer-generated restatement — the authoritative text is the official version linked above.