Bill
Bill > SR166
HI SR166
HI SR166Requesting The Department Of Taxation To Conduct A Comprehensive Analysis Of Corporate Income Reporting Structures, Including The Treatment Of Foreign Subsidiary Income, To Inform Long-term Fiscal Planning.
summary
Introduced
03/16/2026
03/16/2026
In Committee
03/19/2026
03/19/2026
Crossed Over
Passed
Dead
Introduced Session
2026 Regular Session
Bill Summary
RESOLUTION Requesting the department of taxation to conduct a comprehensive analysis of corporate income reporting structures, including the treatment of foreign subsidiary income, to inform long-term fiscal planning.
AI Summary
This resolution requests the Department of Taxation to conduct a thorough study of how corporations report their income for tax purposes, specifically looking at how income earned by foreign subsidiaries is treated. This analysis is intended to help the state plan its long-term finances by understanding the potential impacts of different reporting methods, such as separate entity reporting, water's-edge combined reporting, and worldwide combined reporting, on tax revenue stability and predictability, while also considering administrative feasibility and comparing approaches used by other states.
Committee Categories
Budget and Finance
Sponsors (2)
Last Action
Referred to WAM. (on 03/19/2026)
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://www.capitol.hawaii.gov/session/measure_indiv.aspx?billtype=SR&billnumber=166&year=2026 |
| BillText | https://www.capitol.hawaii.gov/sessions/session2026/bills/SR166_.HTM |
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