Hawaii Supreme Court January 15, 1982, NO. 7343 (In Re the Tax Appeals of McCormac)

Per Curiam.

This is an appeal brought by Taxpayers-Appellants, Scott McCormac, Vari McKinley and Maytor H. McKinley, Jr., (hereinafter collectively referred to as “appellants”), from a decision and order of the Tax Appeal Court affirming the assessment by the

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Director of Taxation of net income taxes on amounts disbursed to appellants as beneficiaries of a trust agreement.