HB 116

Hawaii House bill in Session 2026.

Status: in_committee. Latest action: January 21, 2025.

Taxation; Corporations; Combined Reporting.

Bill ID HI-2026-HB-116
Session 2026
Status in_committee
Committee ECD, FIN
House in_committee 2025-01-21
Summary

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.

Sponsor
Linda Ichiyama
Official Source Back to Bills
Actions Timeline
Date Event Detail
0000-00-00 Introduced Bill introduced
2025-01-21 Status in_committee
2025-01-21 Latest Action Referred to ECD, FIN, referral sheet 1
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