{"data":{"id":"us-hi/haw.-rev.-stat.-235-129","jurisdiction":"us-hi","citation":"Haw. Rev. Stat. § 235-129","heading":"Tax credits.","body":"(a) For purposes of section 235‑55, each resident shareholder shall be considered to have paid a tax imposed on the shareholder in an amount equal to the shareholder's pro rata share of any net income tax paid by the S corporation to a state that does not measure the income of S corporation shareholders by the income of the S corporation. For purposes of the preceding sentence, the term \"net income tax\" means any tax imposed on or measured by a corporation's net income.\n\n(b) Each shareholder of an S corporation shall be allowed a credit against the tax imposed by section 235-51 in an amount equal to the shareholder's pro rata share of the tax credit earned by the S corporation in this State.","path":["HI Code","Division 1","Title 14","Chapter 235"],"source_url":"http://www.capitol.hawaii.gov/hrscurrent/Vol04_Ch0201-0257/HRS0235/HRS_0235-0129.htm","current_through":"2026-08-14","vintage":"open-us-law v2026.08, retrieved 2026-09-14","retrieved_at":"2026-09-14T18:32:11Z","sha256":"71d5c21b9b8f5491e71391f96bcda122c1d544c2b17e6951a3c6d16f341290b3","source_id":"us-hi","stale":false,"prev":"us-hi/haw.-rev.-stat.-235-128","next":"us-hi/haw.-rev.-stat.-235-13"},"notice":"GroundRules: Original legal text. Not legal advice."}