HRS §237-14.5
How telecom businesses can split income for tax returns
This section lets certain phone and telecommunications companies divide their income on tax returns between state and local taxes, or between different tax rules. The split must be based on their normal business records. It stays valid unless the tax department later makes different rules.
businesses
The statute, as written — Segregation of gross income, etc., on records and in returns of telecommunications businesses
(a) Notwithstanding section 237-14, any person engaged in the business of selling interstate or foreign common carrier telecommunications services taxable under section 237-13(6)(C), or any public utility defined in section 269-1 having gross income from the conveyance or transmission of telephone or telegraph messages, or from the furnishing of facilities for the transmission of intelligence by electricity, may reasonably segregate in the person's returns, based on its books and records that are kept in the normal course of business: (1) The parts of its gross income, gross proceeds of sales, and value of products subject to taxation under this chapter from the parts subject to taxation under chapter 239; and (2) The parts of its gross income, gross proceeds of sales, and value of products subject to taxation under one provision of this chapter from the parts subject to taxation under any other provision of this chapter. (b) The segregation shall be deemed valid so long as the method of segregation does not conflict with rules subsequently adopted by the department pursuant to this section.
Sections this one refers to
§237-13 Who pays the general excise tax and at what rate
§237-14 How to report income taxed at different rates
§269-1 Definitions for public utility rules
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