HAWAIIAN BEACHES, INC. v. KONDO

No. 4953.

474 P.2d 538 (1970)

HAWAIIAN BEACHES, INC., Hawaii Beach Terrace, Inc., Hawaiian Parks, Inc., and Hawaii Park Terrace, Inc., Plaintiffs-Appellants, v. Ralph W. KONDO, Director of Taxation of the State of Hawaii, Defendant-Appellee.

Supreme Court of Hawaii.

Rehearing Denied September 16, 1970.


Attorney(s) appearing for the Case

Arthur B. Reinwald, Honolulu (Anthony & Waddoups, Honolulu, of counsel), for plaintiffs-appellants.

Alana W. Lau, Deputy Atty. Gen. (Bertram T. Kanbara, Atty. Gen., Honolulu, with her on the brief), for defendant-appellee.

Before RICHARDSON, C.J., and MARUMOTO, ABE, LEVINSON and KOBAYASHI, JJ.


KOBAYASHI, Justice.

This appeal by Hawaiian Beaches, Inc., and three other Hawaii corporations is taken from an adverse judgment on a motion for summary judgment entered in favor of the appellee, the State Director of Taxation.

In the trial court appellants' complaint contested the assessment of additional general excise taxes which they paid under protest. The taxes in question were assessed on interest income from the sales of appellants' lands situated...

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