BILL · 2003–04 SESSION

HB 2142: Expatriate corporations

Protecting taxpayers and shareholders from expatriate corporations.

Summary

  • Finds and declares: (1) A growing number of publicly traded companies based in the United States are flouting United States taxation and legal protections of investors by reincorporating, in name only, in Bermuda, the Cayman Islands, and other tax haven countries; (2) This practice, also known as "corporate expatriation," is part of a larger pattern of deception and lack of integrity in the corporate boardroom that…

From the Bill Digest (HB 2142), written by the Legislature's nonpartisan staff. Read the full report ↗

Did not pass Did not pass · died in committee
  1. IntroducedFeb 26, 2003
  2. Out of committeestopped here
  3. Passed House
  4. Passed Senate
  5. Governor
  6. Law
Prime sponsor
Steve Conway (D-29)
Introduced
February 26, 2003 in the House
Last action
January 12, 2004

AN ACT Relating to protecting taxpayers and shareholders from expatriate corporations;

Sponsors

Votes

No recorded floor votes. This measure never reached a floor vote.

History

  1. By resolution, reintroduced and retained in present status.
  2. By resolution, reintroduced and retained in present status.
  3. By resolution, reintroduced and retained in present status.
  4. First reading, referred to State Government.

HB 2142 in other sessions

Bill numbers restart every two years, so the same number is a different bill in each session.

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