States / Hawaii / HB 116

HB 116 In Committee

RELATING TO TAX HAVEN ABUSE.

Introduced
In Committee
Floor
Crossed Over
Passed
Enacted

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 1/1/2026.

Chamber
House
Introduced
Jan 14, 2025
Last action
Jan 14, 2025 — Prefiled.
Session
2026
Momentum
28 · Low