Posted on: Saturday, April 9, 2005
BUSINESS BRIEFS
Corporate tax take increases
Advertiser Staff
Hawai'i's robust economy is evident in corporate income tax collections, which have nearly doubled in the first nine months of the current fiscal year, compared with the same time period in fiscal year 2004, state tax officials said yesterday.
The state collected $13.8 million in corporate income taxes in March, boosting the take for the first nine months of the fiscal year to $38.8 million, up 94.9 percent, the state Department of Taxation said.
The state's total tax take for March was $309.4 million, helping the total general fund deposits from July through March to grow by 15.5 percent to $2.8 billion, they said.
The state's largest homebuilder, Castle & Cooke Inc., has expanded its 3-year-old mortgage subsidiary, with an office at the Town Center of Mililani open seven days a week.
The master developer of Mililani originally opened a mortgage office on 'Ainamakua Drive at its Mililani real estate sales center targeting mostly new-home buyers in Mililani as well as people buying or refinancing existing homes in Central O'ahu.
Three Hawai'i subcontractors are to be recognized by the U.S. Small Business Administration for outstanding work on federal contracts, the SBA said yesterday.
Baldridge & Associates Structural Engineering Inc., Nakoa Cos. and Pacific Commercial Services LLC will receive the SBA Administrator's Award of Excellence. The firms were nominated by prime contractors, and selected by the SBA.
Mortgage office opens in Mililani
Three subcontractors win SBA award
