RELATING TO CORPORATE INCOME.
Summary
Requires corporations to include the income from all foreign subsidiaries in Hawaii taxable income. Applies the State's apportionment formula to determine the share of reported profits subject to the appropriate tax. Effective 1/1/2023.
Bill status
in committee
1 of 4 stages cleared
Introduction
Jan 2022
Committee Review
Floor Vote
Governor
Introduced Jan 21, 2022
Last action Jan 24, 2022
Floor votes
How they voted
No floor votes recorded yet.
Full legislative history
Actions timeline
Total actions
3
Key actions
0
Committee
1
Jan 24, 2022
Committee
Referred to JDC, WAM.
upper
Jan 21, 2022
Introduced
Introduced.
upper
1 primary · 2 co-sponsors
Sponsors
Role
Legislator
Party
State
District
P
LA
Laura Acasio
DDemocratic
Co
CK
Clarence K. Nishihara
DDemocratic
Co
Joy San Buenaventura
DDemocratic
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