HI SB986 | 2024 | Regular Session
Note: Carry Over of previous SB986
Status
Spectrum: Partisan Bill (Democrat 2-0)
Status: Introduced on January 20 2023 - 25% progression
Action: 2023-12-11 - Carried over to 2024 Regular Session.
Pending: Senate Commerce and Consumer Protection Committee
Text: Latest bill text (Introduced) [HTML]
Status: Introduced on January 20 2023 - 25% progression
Action: 2023-12-11 - Carried over to 2024 Regular Session.
Pending: Senate Commerce and Consumer Protection Committee
Text: Latest bill text (Introduced) [HTML]
Summary
Requires corporations to include the income of all foreign subsidiaries to the State. Applies the State's apportionment formula to determine the share of reported profits subject to the appropriate tax. Effective 1/1/2023.
Title
Relating To Tax Haven Abuse.
Sponsors
History
| Date | Chamber | Action |
|---|---|---|
| 2023-12-11 | Carried over to 2024 Regular Session. | |
| 2023-01-27 | Senate | Referred to CPN/JDC, WAM. |
| 2023-01-23 | Senate | Passed First Reading. |
| 2023-01-20 | Senate | Introduced. |
Same As/Similar To
HB149 (Same As) 2023-12-11 - Carried over to 2024 Regular Session.
SB986 (Carry Over) 2023-01-27 - Referred to CPN/JDC, WAM.
SB986 (Carry Over) 2023-01-27 - Referred to CPN/JDC, WAM.
Subjects
Hawaii State Sources
| Type | Source |
|---|---|
| Summary | https://www.capitol.hawaii.gov/session/measure_indiv.aspx?billtype=SB&billnumber=986&year=2024 |
| Text | https://www.capitol.hawaii.gov/sessions/session2024/bills/SB986_.HTM |
