Bill > HB1332

This bill amends Indiana's state income tax law to align with recent changes in the federal Internal Revenue Code, specifically those enacted by Public Law 119-21, also known as the "One Big Beautiful Bill Act of 2025." The Internal Revenue Code, or IRC, is the body of federal tax law that states often use as a basis for their own tax systems. This bill updates the definition of the IRC for Indiana's purposes to reflect amendments made by this new federal law, ensuring that Indiana's tax calculations are consistent with the latest federal tax provisions, with a specific update to the IRC's effective date for certain provisions to July 4, 2025, instead of the previously established January 1, 2023.

Budget and Finance

https://iga.in.gov/legislative/2026/bills/house/1332/details