Haw. Code R. § 21-7-6 - Valuation of gifts
(a) The value of a gift is its fair market
value, which is the cost that a member of the public would reasonably expect to
incur to purchase the gift, including any tax-deductible portion.
(b) If the gift is a seal at a table for an
event, the value of the gift is the cost of the table sponsorship divided by the
number of seats at the table.
Notes
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