Haw. Code R. § 18-235-4-02 - Residents taxable on entire income

(a) A resident, as defined in section 235-1, HRS, is taxable on income from whatever source derived. For a resident, it is immaterial whether the source of the income is Hawaii or another jurisdiction, except that if out-of-state income is taxable in another jurisdiction, a tax credit may be allowed under section 235-55, HRS, and section 18-235-55.

(b) A resident shall not exclude or deduct any income allocated or apportioned to another jurisdiction under the Uniform Division of Income for Tax Purposes Act, sections 235-21 to 235-39, HRS, or section 18-235-5-02.

(c) For rules relating to change of residence during the taxable year, see section 18-235-4-04.

Notes

Haw. Code R. § 18-235-4-02

[Eff 2/16/82; am and ren § 18-235-4-02 9/3/94] (Auth: HRS §§ 231-3(9), 235-96, 235-118) (Imp: HRS §§ 235-4, 235-5, 235-7, 235-55, 235-97)
§ 18-235-4-02 is based substantially upon § 18-235-4(a). [Eff 2/16/82; am and ren § 18-235-4-02 9/3/94]