Hawaii HR179 requests the Department of Taxation to analyze corporate income reporting structures, focusing on foreign subsidiary income, to inform.

Hawaii HR179 asks the Department of Taxation to conduct a comprehensive analysis of corporate income reporting practices, particularly the treatment of foreign subsidiary income. The analysis will estimate tax revenue from corporations with foreign subsidiaries, evaluate potential revenue impacts under different reporting models, assess interactions with Hawaii's apportionment methodology, and consider administrative feasibility and enforcement implications. The report will also compare approaches from other states and be submitted to the Legislature before the 2027 Regular Session.

Hawaii HR179 requests the Department of Taxation to analyze corporate income reporting structures, focusing on foreign subsidiary income, to inform.

Hawaii HR179 asks the Department of Taxation to conduct a comprehensive analysis of corporate income reporting practices, particularly the treatment of foreign subsidiary income. The analysis will estimate tax revenue from corporations with foreign subsidiaries, evaluate potential revenue impacts under different reporting models, assess interactions with Hawaii's apportionment methodology, and consider administrative feasibility and enforcement implications. The report will also compare approaches from other states and be submitted to the Legislature before the 2027 Regular Session.