Haw. Code R. § 18-251-6-02 - Short year return; change of ownership or cessation of business
(a) The event of change of ownership,
complete transfer of motor vehicle rental or tour vehicle activity, going out
of business, or otherwise ceasing to engage in the conduct of a tour operator
business or providing rental motor vehicles to the public shall close the
taxable year.
(b) If there is a
change of ownership or complete transfer of the business activity, or if a
person goes out of business or otherwise ceases to engage in the activity, the
person shall notify the director of the change, transfer, or cessation of
business not more than ten days after the change, transfer, or cessation occurs
in accordance with section 18-251-3-04.
(c) The person shall file a monthly return on
or before the last day of the calendar month following the month in which the
change of ownership, transfer of activity, or cessation of business took
place.
(d) If the person has been
granted permission to make quarterly or semiannual tax returns instead of
monthly returns, the person shall file a return of the installment of the tax
due for the applicable quarterly or semiannual period on or before the last day
of the calendar month following the month in which the change of ownership,
transfer of activity, or cessation of business took place.
(e) The person shall prepare and submit an
annual tax return summarizing the months of the year engaged in the activity on
or before the twentieth day of the fourth month after the change of ownership,
transfer of activity, or cessation of business took place.
(f) A person required by this section to file
any tax return may apply for an extension as set forth in section
18-251-6-01(d).
Notes
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