RELATING TO TAX HAVEN ABUSE.
Sponsored By: Karl Rhoads (Democratic)
In Committee
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.
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Bill Overview
No Economic Impacts Identified for this Bill
Sponsors & Cosponsors
Sponsor
Karl Rhoads
Democratic • Senate
Cosponsors
There are no cosponsors for this bill.
Roll Call Votes
No roll call votes available for this bill.
Actions Timeline
Carried over to 2026 Regular Session.
12/8/2025Referred to CPN/JDC, WAM.
1/21/2025SenateIntroduced and passed First Reading.
1/15/2025SenatePending Introduction.
1/14/2025Senate
Bill Text
Original
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