{
  "schema_version": "1.0.0",
  "standard_id": "ASU-2023-09",
  "title": "Income Taxes (Topic 740): Improvements to Income Tax Disclosures",
  "issuer": "FASB",
  "issued": "2023-12",
  "written_by": "ACCT-RULEREG-K-1",
  "note": "Disjoint per-standard entry file, ACCT-INFRA-KERNELS-BUILD-SPEC.md Sec.2.2 layer (a). Two entries because this Update has TWO effective dates keyed to filer class -- public business entities and everyone else -- which is exactly the case the (fiscal_year_end, filer_status, standard_id) query shape exists to serve. The two entries partition the closed enum with no overlap, so every triple resolves to exactly one of them or to NO_BINDING_ENTRY.",
  "entries": [
    {
      "standard_id": "ASU-2023-09",
      "applies_to_filer_statuses": [
        "large_accelerated",
        "accelerated",
        "non_accelerated",
        "smaller_reporting",
        "emerging_growth"
      ],
      "scope_note": "The public-business-entity effective date. Every SEC-registrant filer status in the closed enum is a public business entity, including a smaller reporting company and an emerging growth company.",
      "effective_for_annual_periods_beginning": "2024-12-16",
      "effective_for_interim_periods_beginning": null,
      "early_adoption_permitted": true,
      "transition_method": "prospective_retrospective_permitted",
      "date_derivation_note": "Source: \"For public business entities, the amendments in this Update are effective for annual periods beginning after December 15, 2024.\" Rendered as 2024-12-16, the first qualifying period-beginning date. effective_for_interim_periods_beginning is null because the Update states an ANNUAL effective date only and names no interim date; null is the honest encoding, never a copied annual date.",
      "parameter_set": {
        "income_taxes_paid_individual_jurisdiction_threshold_percent": [
          {
            "value": 5,
            "effective_from": "2024-12-16",
            "effective_to": null,
            "source": "ASU 2023-09, Summary, What Are the Main Provisions?, Income Taxes Paid, item 2 -- income taxes paid (net of refunds received) disaggregated by individual jurisdictions in which income taxes paid (net of refunds received) is equal to or greater than 5 percent of total income taxes paid (net of refunds received).",
            "source_digest": "sha256:470a5c00f7bd35796e923ac28f4d179e7b407edbb33a2ba9e15e6a178483d354",
            "snapshot_location": "research/clause-snapshots/ASU-2023-09-income-taxes-paid-thresholds.excerpt.txt"
          }
        ],
        "state_local_qualitative_majority_threshold_percent": [
          {
            "value": 50,
            "effective_from": "2024-12-16",
            "effective_to": null,
            "source": "ASU 2023-09, Summary, What Are the Main Provisions? -- a public business entity is required to provide a qualitative description of the states and local jurisdictions that make up the majority (greater than 50 percent) of the effect of the state and local income tax category.",
            "source_digest": "sha256:470a5c00f7bd35796e923ac28f4d179e7b407edbb33a2ba9e15e6a178483d354",
            "snapshot_location": "research/clause-snapshots/ASU-2023-09-income-taxes-paid-thresholds.excerpt.txt"
          }
        ]
      },
      "citation": {
        "clause": "ASU 2023-09, Summary, When Will the Amendments Be Effective and What Are the Transition Requirements?",
        "source": "FASB Accounting Standards Update No. 2023-09, Income Taxes (Topic 740): Improvements to Income Tax Disclosures (December 2023)",
        "source_digest": "sha256:2a0d8a9421bdf1e653800632f377f4d20201520e5e031a55e2dbbd867acfd62a",
        "snapshot_location": "research/clause-snapshots/ASU-2023-09-effective-date.excerpt.txt"
      }
    },
    {
      "standard_id": "ASU-2023-09",
      "applies_to_filer_statuses": [
        "private",
        "non_public_business_entity"
      ],
      "scope_note": "The entities-other-than-public-business-entities effective date, one full year later. The income-taxes-paid disclosures are required of ALL entities, so the same two parameters carry over with the later effective_from that binds this class.",
      "effective_for_annual_periods_beginning": "2025-12-16",
      "effective_for_interim_periods_beginning": null,
      "early_adoption_permitted": true,
      "transition_method": "prospective_retrospective_permitted",
      "date_derivation_note": "Source: \"For entities other than public business entities, the amendments are effective for annual periods beginning after December 15, 2025.\" Rendered as 2025-12-16.",
      "parameter_set": {
        "income_taxes_paid_individual_jurisdiction_threshold_percent": [
          {
            "value": 5,
            "effective_from": "2025-12-16",
            "effective_to": null,
            "source": "ASU 2023-09, Summary, What Are the Main Provisions?, Income Taxes Paid, item 2 -- the amendments require that ALL entities disclose the amount of income taxes paid (net of refunds received) disaggregated by individual jurisdictions at or above 5 percent of total income taxes paid.",
            "source_digest": "sha256:470a5c00f7bd35796e923ac28f4d179e7b407edbb33a2ba9e15e6a178483d354",
            "snapshot_location": "research/clause-snapshots/ASU-2023-09-income-taxes-paid-thresholds.excerpt.txt"
          }
        ]
      },
      "citation": {
        "clause": "ASU 2023-09, Summary, When Will the Amendments Be Effective and What Are the Transition Requirements?",
        "source": "FASB Accounting Standards Update No. 2023-09, Income Taxes (Topic 740): Improvements to Income Tax Disclosures (December 2023)",
        "source_digest": "sha256:2a0d8a9421bdf1e653800632f377f4d20201520e5e031a55e2dbbd867acfd62a",
        "snapshot_location": "research/clause-snapshots/ASU-2023-09-effective-date.excerpt.txt"
      }
    }
  ]
}