Hawaii Revised Statutes 237-35 – Consolidated reports; interrelated business
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Terms Used In Hawaii Revised Statutes 237-35
- Business: includes all activities (personal, professional, or corporate) engaged in or caused to be engaged in with the object of gain or economic benefit either direct or indirect, but does not include casual sales. See Hawaii Revised Statutes 237-2
- Taxpayer: means any person liable for any tax hereunder. See Hawaii Revised Statutes 237-1
When any taxpayer is engaged in two or more forms of business activity taxable under this chapter which are interrelated, or which are of like character, the taxpayer shall file a consolidated return covering all business activities, which are thus interrelated or of like character.