HRS 0235-0004 ANNOTATIONS

Chapter 416 referred to in text is repealed.

Refund of real property tax after termination of a trust becomes income to the beneficiaries. Att. Gen. Op. 64-5.

Taxability of income earned out-of-state by resident. Att. Gen. Op. 65-5.

Income tax not applicable to inheritance under territorial laws. 14 H. 38.

Tax on annuity from property held in trust is payable by annuitant and not trustee. 20 H. 589. Annuities paid from trust taxable as income. 32 H. 51. Tax paid by employer for employee is income of employee. 38 H. 188.

Gifts inter vivos deemed not income. 25 H. 603.

Tax on income in year payment made for damages caused by labor strike. Stock of mainland agents is taxable by Territory. 26 H. 299, aff'd 289 F. 664.

Only taxes actually paid during the taxable year deductible as expenses and not reserve for taxes for succeeding years. 27 H. 336.

Intangibles. 31 H. 264, aff'd 47 F.2d 869.

Profits realized from sale of stock taxable in year of transaction. Tax on profit on stock redeemed by corporation. 32 H. 896, aff'd 79 F.2d 761.

Retrospective tax laws. 33 H. 766.

Tax on income of corporation is valid. 1 U.S.D.C. Haw 294, aff'd 121 F. 772.

Ability of State to tax income of nonresidents turns on situs of property generating income. 64 H. 258, 640 P.2d 282.

Intangible property generating income acquired a business situs in Hawaii and could be taxed under subsections (b) and (e)(2). 64 H. 258, 640 P.2d 282.