Survey of Railroad and Utility Taxation Practices Among the States: 2005 Update
1. Basis for taxation:
NA -- there are no railroads in Hawaii and all utilities are eligible to file for exempt status.
2. Property subject to taxation:
Taxable: Gross income of public utilities in lieu of all other taxes except income taxes, utility fees, employment taxes, use taxes and county utility franchise taxes.
Exempt: All utility property is exempt from ad valorem taxation per application.
3. Classification (if applicable):
4. Level of government which determines basis for tax liability - ad valorem property tax:
5. Report filing and valuation method(s) required by statute for ad valorem taxation::
6. Practical application of valuation method(s)::
7. Valuation treatment of large facilities such as power plants, dams, or rail yards:
8. Apportionment method(s) required by statute:
9. Practical application or apportionment requirements:
10. Apportionment treatment of large facilities such as power plants, dams, or rail yards:
11. Description of assessment appeals system:
Not applicable regarding utility and railroad valuation and assessment.
12. Status of deregulation/restructuring of electric generating and impact on valuation and apportionment methods used:
13. State Government Staffing:
None. Hawaii exempts utility property from ad valorem taxation as per application. Furthermore, there are not taxable railroads in Hawaii.
Law Source(s): Hawaii revised statutes, Chapters 293, 240