§235-2 Same; "Internal Revenue Code". "Internal Revenue Code" means the Internal Revenue Code of 1954 as it applies to the determination of gross income, adjusted gross income, and taxable income, except those provisions of the Internal Revenue Code which pursuant to this chapter do not apply. For each taxable year specified in column 1 below the Internal Revenue Code meant is the Internal Revenue Code of 1954 as amended as of June 7, 1957 and as further amended by the acts of Congress, or portions thereof, enumerated in column 2 (section numbers in column 2 are inclusive). Amendments to the Code not herein enumerated shall not be operative for the purposes of this chapter unless specifically adopted.

Column 1 Column 2

Taxable year beginning on or Public Laws 85-165, 85-320,

after January 1, 1958, or which and 85-367; Public Law 85-866,

in whole or in part is governed Title I, sections 4-12, 19, 20

by this chapter pursuant to the (with respect to sales,

provisions of Act 1 of the exchanges, and distributions

Special Session Laws of 1957, made after December 31, 1957),

and subsequent taxable years. 21, 22, 24, 25, 28, 29 (the

provisions of section 29 being

applicable as agreed upon in

connection with the consent of

the department of taxation to

the change in the method of

accounting, and reading "the

first taxable year beginning

after December 31, 1953, and

ending after August 16, 1954"

as "the first taxable year

governed by the Income Tax Law

of 1957"), 34, 35, 37(c), 38,

43-48, 52(b), 53, 55, 95, and

97.

Taxable year beginning on or Public Law 85-866, Title I,

after January 1, 1959, or sections 2 (with respect to

beginning in 1958 but ending obligations acquired after

on or after June 30, 1959, December 31, 1957), 3 (with

and subsequent taxable years. respect to amounts received

as a statutory subsistence

allowance for a period after

September 30, 1958), 13, 15

(with respect to the costs

and improvements there desig-

nated), 17, 23, 26, 27, 30

(the provisions of section 30

being applicable to the

extent they relate to deduc-

tions for contributions and

gifts), 37(b) and (d), 39,

49, 50, 51, 52(a), 54, 57(a),

58 (with respect to the amounts

there designated), 101 (with

respect to taxable years of

regulated investment companies

beginning on or after March 1,

1958), Title II, sections 202,

204 (with respect to property

acquired by purchase after

December 31, 1958).

Taxable year beginning on or Public Law 86-564, Title III,

after January 1, 1961, and section 302.

subsequent taxable years.

Taxable year beginning on or Public Law 87-834, sections

after January 1, 1962, and 22 and 28.

subsequent taxable years.

Taxable years ending after Public Law 87-834, section 4.

December 31, 1962, but only

in respect of periods after

December 31, 1962.

Taxable year beginning on or Public Law 87-834, sections

after January 1, 1963, and 13 and 21;

subsequent taxable years. Public Law 87-863, section 2.

Taxable year beginning on or Public Law 86-376, section 1(a);

after January 1, 1965. Public Law 86-470, section 3(a);

Public Law 86-594, section 1;

Public Law 86-779, sections

6(a), (b), and (c), 7(a) and

(b);

Public Law 87-256, section

110(a);

Public Law 87-834, section 3(a);

Public Law 87-858, section 2(a)

and (b);

Public Law 87-863, section 1(a)

and (b);

Public Law 88-4, section 1;

Public Law 88-272, sections

203(d) (with respect to dispo-

sitions of elevators and

escalators made in taxable

years beginning on or after

January 1, 1965), 204(a) (with

respect to group-term life

insurance provided in taxable

years beginning on or after

January 1, 1965), 205(a) (with

respect to amounts attributable

to periods of absence beginning

on or after January 1, 1965),

206(a) and (b)(2)(3) and (4)

(with respect to sales on or

after January 1, 1965), 207(a),

(b)(1)(2)(3), and (c)(2),

208(a) (with respect to losses

sustained in taxable years

beginning on or after January 1,

1965), 211(a), 212(a), 213(a)

and (b) (with respect to

expenses incurred in taxable

years beginning on or after

January 1, 1965), 217(a),

224(a), (b), and (c) (with

respect to certain deferred

payments on sales or exchanges

of property occurring in tax-

able years beginning on or

after January 1, 1965), 230(a)

and (b) (with respect to capi-

tal loss carryovers in taxable

years beginning on or after

January 1, 1965, and further

provided that in the case of

a taxpayer other than a cor-

poration, there shall be

treated as a short-term capi-

tal loss in the first taxable

year beginning after

December 31, 1964, any amount

which is treated as a short-

term capital loss in such year

as in effect immediately

before May 11, 1965), 231(a)

and (b) (with respect to

dispositions of certain

depreciable realty in taxable

years beginning on or after

January 1, 1965).

Taxable years ending after Public Law 88-554, section 1;

December 31, 1965, but only with Internal Revenue Code of 1954,

respect to compensation for section 112, as amended by

periods of active service after Public Law 89-739.

such date.

Taxable years ending after Public Law 88-272, section 209,

December 31, 1966, but only with the exceptions of section

with respect to contributions 209(c)(2) and section 209(f).

made after such date.

Taxable years beginning Public Law 90-78, section 1.

January 1, 1967.

Taxable year beginning on or Public Law 87-792, sections

after January 1, 1968. 2, 3, 4, 6, 7(b), 7(c), 7(d),

7(e) and 7(f);

Public Law 87-863, subsec-

tions 2(a) and (b);

Public Law 89-809, sections

204 and 205;

Public Law 87-792, section 5.

Taxable years beginning on or Internal Revenue Code, section

after January 1, 1966. 112(d), as added by Public

Law 92-279.

Taxable years beginning on or Public Law 91-172, sections

after January 1, 1975. 201(a)(1), (a)(2)(A), (b),

(c), (e) and (f) (with respect

to charitable contributions

made on or after January 1,

1975), 212(a)(1), (a)(2),

(b)(1), and (c)(1) (with

respect to recapture of depre-

ciation upon the sale of

livestock made on or after

January 1, 1975), 213(a), (b),

and (c) (with respect to

deductions attributable to

activities not engaged in for

profit made on or after

January 1, 1975), 231(a), (b),

and (c) (with respect to

moving expenses made on or

after January 1, 1975),

321(a), (b), and (c) (with

respect to restricted prop-

erty made on or after

January 1, 1975), 331(a),

(b), and (c) (with respect

to treatment of excess dis-

tributions by trusts made

on or after January 1, 1975),

411(a) and (b) (with respect

to interest on indebtedness

incurred by corporation to

acquire stock or assets of

another corporation made on

or after January 1, 1975),

412(a) (with respect to

installment sale made on or

after January 1, 1975), 421(a)

(with respect to stock divi-

dends made on or after

January 1, 1975), 433(b) (with

respect to loss of a small

business investment company

made on or after January 1,

1975), 441(a) (with respect

to public utility property

made on or after January 1,

1975), 442(a) (with respect

to earnings and profits made

on or after January 1, 1975),

513(a), (b), and (c) (with

respect to capital loss limi-

tations for individuals),

514(a) and (b) (with respect

to income on sales of liter-

ary property), 515(a), (b)

and (c)(1), (c)(2) and (c)(3)

(with respect to lump-sum

distribution from employees'

plans), 516(a) (with respect

to sales or other disposition

of a term interest in property),

516(b) (with respect to treat-

ment of certain casualty

losses), 516(c) (with respect

to treatment of franchises,

trademarks and trade names),

521(a) through (f) (with

respect to real estate depre-

ciation and recapture effec-

tive on or after January 1,

1975), 531(a), (b) and (c)

(with respect to qualified

pension, etc., plans of small

business corporation effective

on or after January 1, 1975),

901(a) and (b) (with respect

to casualty losses--reimburse-

ment for increased living

expenses), 902(a) and (b)

(with respect to fines and

penalties, and bribes and

illegal kickbacks), 905(a) and

(b) (with respect to corpora-

tions using appreciated property

to redeem their own stock),

910(a), (b) and (c) (with

respect to sales of certain low-

income housing projects in

Hawaii), 912(a) (with respect

to foster child as dependent),

915(a) (with respect to

replacement of property invol-

untarily converted within a 2-

year period.)

Public Law 92-178, sections

109(a), (b), (d)(1)(2), and

(e) (with respect to class

life system of depreciation

effective on or after January 1,

1975), 302(a) and (b) with

the exceptions of unused

credits (with respect to

limitations on carryovers of

unused capital losses), 303(a)

and (c) (with respect to

amortization of certain

expenditures for on-the-job

training and for child care

centers), 306(a) and (b)

(with respect to capital gain

distributions of certain

trusts), 310(a) (with respect

to bribes, kickbacks, medical

referral payments), and 311(a)

(with respect to activities

not engaged in for profit).

[L 1959, c 277, pt of §6; am L Sp 1959 2d, c 1, §16; am L 1963, c 146, §1; am L 1965, c 57, §1; Supp, §121-1.01; am L 1967, c 25, §2, c 117, §1, and c 182, §2; HRS §235-2; am L 1968, c 47, §2; am L 1969, c 66, §2; am L 1973, c 21, §1; am L 1975, c 86, §1]