Hawaii SR166 requests the Department of Taxation to analyze corporate income reporting structures, including foreign subsidiary income, to aid.

Hawaii SR166 asks the Department of Taxation to conduct a comprehensive analysis of corporate income reporting practices, focusing on the treatment of foreign subsidiary income. The analysis will evaluate potential revenue impacts under different reporting models, assess administrative feasibility, and compare approaches with other states. The report, due 20 days before the 2027 Regular Session, aims to inform long-term fiscal planning and revenue forecasting accuracy.

Hawaii SR166 requests the Department of Taxation to analyze corporate income reporting structures, including foreign subsidiary income, to aid.

Hawaii SR166 asks the Department of Taxation to conduct a comprehensive analysis of corporate income reporting practices, focusing on the treatment of foreign subsidiary income. The analysis will evaluate potential revenue impacts under different reporting models, assess administrative feasibility, and compare approaches with other states. The report, due 20 days before the 2027 Regular Session, aims to inform long-term fiscal planning and revenue forecasting accuracy.