HRS §393-46
Income directly attributable to the business
Read the official text at capitol.hawaii.gov ↗This section defines what counts as business income for a specific law. It lists allowed deductions and things that cannot be deducted. It also lets the director make rules to clarify the definition.
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The statute, as written — Income directly attributable to the business
A copy, taken August 20, 2026. The version published by the Legislature is the one that governs, and it may have changed since. Check it before relying on anything here.
(a) "Income directly attributable to the business" means gross profits from the business minus deductions for: (1) Compensation of officers; (2) Salaries and wages, except wages paid by an individual proprietor to oneself; (3) Repairs; (4) Taxes on business and business property; (5) Business advertising; (6) Amounts contributed to employee benefit plans; (7) Interest on business indebtedness; (8) Rent on business property; and (9) Other expenses necessary for the current conduct of business. (b) Deductions shall not include: (1) Bad debts; (2) Contributions or gifts, other than those listed under subsection (a)(6); (3) Amortization and depreciation; or (4) Losses by fire, storm, casualty, or theft. (c) The director may promulgate rules and regulations necessary to define income directly attributable to business for the purpose of section 393-45.
LawTrove is not legal advice. The summary above is a computer-generated restatement — the authoritative text is the official version linked above.