HB 2149 Hawaii House · 2026 Regular Session

RELATING TO TAX HAVEN ABUSE.

Summary
Part I: Effective 1/1/2027, requires corporations to include in their income 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, which shall be deposited into the state general fund; and requires corporations to report all profits, losses, revenues, and inter-company transactions made and all taxes paid in other states. Part II: Establishes within DOTAX a Corporate Tax Law Task Force to annually review the State's corporate tax laws and recommend updates to close tax loopholes.
Bill status in committee 1 of 4 stages cleared
Introduction
Jan 2026
Committee Review
Floor Vote
Governor
Introduced Jan 26, 2026 Last action Jan 30, 2026
Floor votes

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Full legislative history

Actions timeline

Total actions
3
Key actions
0
Committee
1
Jan 30, 2026
Committee
Referred to ECD, FIN, referral sheet 5
lower
Jan 28, 2026
Introduced
Introduced and Pass First Reading.
lower
Jan 26, 2026
Introduced
Pending introduction.
lower
6 primary · 0 co-sponsors

Sponsors