Relating To Tax Haven Abuse.
Last status update Jan 23, 2026
What this measure contains
Effective 1/1/2028, 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. Establishes penalties for violations. Effective 7/1/2050. (SD1)
Source summary of the imported measure. Amendments can change the wording; read a specific version for its complete provisions.
Read the full bill at its source ↗Bill text and versions
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- Introduced · Official document ↗· Jan 23, 2026
- Amended · Official document ↗· Feb 19, 2026
Related measures
- HB2149— Same As
Related measures may contain different language or follow different histories.
Legislative path
Each stage below is a recorded decision from the official measure history, attached to the draft it considered. A member's row follows their votes from the first draft to the latest, and a highlighted vote marks where it changed. Committee and conference votes list every member by name. Floor votes list only exceptions; members serving that day who aren't named are shown as ayes in a dashed outline.
- Introduced
- SD1by CPN
Companion measure: HB2149. A companion follows its own path; its votes are not combined with this one.
Decision stages
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Judiciary (JDC) on the introduced draft: Passed, with amendments, reported as SD1
4 aye · 0 no · 1 excused · Source roll call
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Commerce and Consumer Protection (CPN) on the introduced draft: Passed, with amendments, reported as SD1
3 aye · 1 aye with reservations · 0 no · 1 excused · Source roll call
Senate members along the path
| Member | JDC Introduced | CPN Introduced | Change along the path |
|---|---|---|---|
| Brenton AwaSD-023 | Aye | Aye | |
| Stanley ChangSD-009 | Excused | ||
| Carol FukunagaSD-011 | Aye | ||
| Mike GabbardSD-021 | Aye | ||
| Jarrett KeohokaloleSD-024 | Aye | ||
| Rachele Fernandez LamosaoSD-019 | Aye* | ||
| Angus McKelveySD-006 | Excused | ||
| Karl RhoadsSD-013 | Aye | ||
| Joy San BuenaventuraSD-002 | Aye |
Aye named · Aye* with reservations · Aye floor vote, not named as an exception · No · Excused · Changed reversed from the previous vote
Names are matched to legislators only when exactly one person fits; every printed name on this measure was matched. A missing vote means no record was found for that member at that stage, not a no vote. Committee codes follow the Legislature's abbreviations.Official measure history ↗
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Legislative history
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Introduced.
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Passed First Reading.
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Referred to CPN/JDC, WAM.
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The committee(s) on CPN/JDC has scheduled a public hearing on 02-17-26 9:45AM; Conference Room 229 & Videoconference.
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The committee(s) on CPN/JDC has rescheduled its public hearing to 02-17-26 9:30AM; CR 229 & Videoconference.
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The committee(s) on JDC recommend(s) that the measure be PASSED, WITH AMENDMENTS. The votes in JDC were as follows: 4 Aye(s): Senator(s) Rhoads, Gabbard, San Buenaventura, Awa; Aye(s) with reservations: none ; 0 No(es): none; and 1 Excused: Senator(s) Chang.
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The committee(s) on CPN recommend(s) that the measure be PASSED, WITH AMENDMENTS. The votes in CPN were as follows: 4 Aye(s): Senator(s) Keohokalole, Fukunaga, Awa; Aye(s) with reservations: Senator(s) Lamosao ; 0 No(es): none; and 1 Excused: Senator(s) McKelvey.
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Reported from CPN/JDC (Stand. Com. Rep. No. 2611) with recommendation of passage on Second Reading, as amended (SD 1) and referral to WAM.
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Report adopted; Passed Second Reading, as amended (SD 1) and referred to WAM.