Bills · 2013-2014 Regular Session
Relating to: the combined reporting of income from businesses incorporated in foreign jurisdictions considered tax havens and granting rule-making authority. (FE)
Business Corporation Corporation — Taxation Franchise — Taxation International relations Revenue, department of
- Introduced, stopped here
- Passes Assembly, not reached
- Passes Senate, not reached
- Governor signs, not reached
- Law, not reached
Unfamiliar terms? Glossary
What this bill does
Plain-language analysis by the nonpartisan Legislative Reference Bureau
Under this bill, for income and franchise tax purposes, the combined report of
a unitary business of which a foreign operating corporation is a member must include
the income or loss of any corporation that is a member of the unitary business
incorporated in a foreign jurisdiction that is considered a tax haven.
What it would cost
Fiscal estimates filed by state agencies, as official PDFs
Sponsors
Full history
- Mar 6, 2014 · Assembly
Introduced by Representatives Mason, Barnes, Berceau, Hesselbein, Ohnstad, Pasch, Pope, Sargent, Shankland, C. Taylor, Wright, Young, Zamarripa and Wachs; cosponsored by Senators Risser, Hansen, Lehman, Miller and Wirch
- Mar 6, 2014 · Assembly
Read first time and referred to Committee on Financial Institutions
- Mar 11, 2014 · Assembly
Fiscal estimate received
- Apr 8, 2014 · Assembly
Failed to pass pursuant to Senate Joint Resolution 1