Relating To Tax Haven Abuse.
Last status update Jan 28, 2026
What this measure contains
Part I: Effective 1/1/2027, requires corporations to include in their income 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, which shall be deposited into the state general fund; and requires corporations to report all profits, losses, revenues, and inter-company transactions made and all taxes paid in other states. Part II: Establishes within DOTAX a Corporate Tax Law Task Force to annually review the State's corporate tax laws and recommend updates to close tax loopholes.
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- Introduced · Official document ↗· Jan 26, 2026
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- SB2738— Same As
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Legislative history
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Pending introduction.
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Introduced and Pass First Reading.
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Referred to ECD, FIN, referral sheet 5