An Act requiring public disclosures by publicly-traded corporate taxpayers

This bill (HD 3385) requires publicly-traded corporations that pay taxes in the state to submit annual reports detailing their tax payments. The state secretary must create a searchable online database making all submitted reports publicly accessible, including a list of corporations that failed to file. Reports for any tax year become publicly available only after the first day of the third calendar year following that tax year. The law removes previous requirements to hide taxpayer names and addresses from these reports and allows the state to charge for copies of the database or individual reports. It directly affects all publicly-traded corporations subject to state corporate taxation.