Creating a state corporate income tax deduction for net controlled foreign corporation tested income, and including retroactive applicability provisions

In plain words

1. February 3, 2026Filed in the Senate and sent to the Commerce committee · as SSB 3105
2. February 3, 2026Senate subcommittee named: Bousselot, Bisignano and Warme · as SSB 3105
3. February 9, 2026Subcommittee recommended passing it · as SSB 3105
4. February 11, 2026Approved by the Senate committee, and given a new number: SF 2292 · as SSB 3105
5. February 12, 2026Filed in the Senate
6. February 12, 2026Approved by the Senate committee
7. February 16, 2026Sent to the Senate Ways and Means committee
8. February 18, 2026Senate subcommittee named: Bousselot, Reichman and Winckler
9. March 4, 2026Subcommittee recommended passing it
10. April 15, 2026Approved by the Senate committee, and given a new number: SF 2492