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Taxes in Hawaii
Personal Income
Corporate Income
Estate & Transfer
General Excise
Transient
  Accommodations
Use
Public Service Company
Public Utility Franchise
Financial Institutions
Fuel
Environmental
  Response
Liquor
Tobacco
Real Property
Conveyance
Vehicle Weight
Rental/Tour Vehicle
Insurance Premiums

Per Capita Tax Collections

Summary of Taxes Imposed in Hawaii

BANKS AND OTHER FINANCIAL CORPORATIONS TAX (Chapter 241) - In lieu of general excise tax, on net income, as defined, at 7.92% on banks, building and loan associations, industrial loan companies and other financial corporations. Federal income taxes upon income from sources in the state are deductible.

Distribution: State general fund.

SOURCE: Compiled by the Tax Foundation of Hawaii from the Hawaii Revised Statutes (1968), as amended, and Revised Ordinances for various counties. Consult the statute, ordinance, rules, or regulations for specific cases or circumstances.

Last Revised: February 1, 1998

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