summary
Introduced
01/12/2026
01/12/2026
In Committee
02/17/2026
02/17/2026
Crossed Over
01/29/2026
01/29/2026
Passed
Dead
Introduced Session
2026 Regular Session
Bill Summary
Various tax matters. Amends and adds state income tax statutes to conform with certain provisions enacted in Public Law 119-21 (H.R. 1) (commonly known as One Big Beautiful Bill Act of 2025). Specifies rounding provisions for cash transactions with regard to the penny phaseout. Amends state income tax withholding provisions for gambling winnings. Amends the definition of "contribution" for purpose of the state income tax credit for contributions to an ABLE account. Amends provisions regarding computation of specified research or experimental expenditures. Authorizes the department of state revenue (department) to mail documents electronically through its online tax system. Allows taxpayers to request to receive all documents from the department through the department's online tax system. Makes changes to certain tax warrant procedures. Extends the deadline for filing revenue agent report (RAR) adjustments from 180 days to one year from the Internal Revenue Service's finalization of the federal adjustments. Amends the statute of limitations for issuing assessments and refunds based on an RAR to one year. Adds certain sales tax enforcement provisions regarding motor vehicles, cargo trailers, aircraft, and watercraft. Amends provisions regarding confidentiality of tax information. Makes various changes to the cigarette tax chapter, the petroleum severance tax chapter, and the alcoholic beverage excise tax chapters. Specifies the liability of responsible persons for trust fund taxes. Defines the term "responsible person" with regard to trust fund taxes. Specifies application of the Indiana adoption tax credit. Revises provisions in the pass through entity tax regrading credit for taxes paid to another state. Amends provisions in the tax amnesty program. Specifies the determination of estimated tax penalties. Makes amending changes to the aircraft license excise tax.
AI Summary
This bill makes numerous changes to Indiana tax laws, including conforming state income tax statutes to federal provisions, specifying rounding rules for cash transactions to the nearest five cents, and updating withholding requirements for gambling winnings. It also modifies the definition of "contribution" for the ABLE account tax credit, adjusts calculations for research and experimental expenditures, and allows the Department of State Revenue to send documents electronically. The bill extends the deadline for reporting adjustments from federal tax changes (Revenue Agent Reports or RARs) from 180 days to one year, and similarly extends the statute of limitations for assessments and refunds based on RARs to one year. New sales tax enforcement provisions are introduced for motor vehicles, cargo trailers, aircraft, and watercraft, and changes are made to the confidentiality of tax information. Additionally, the bill amends tax laws related to cigarettes, petroleum severance tax, and alcoholic beverages, clarifies the liability of "responsible persons" for trust fund taxes, specifies the application of the Indiana adoption tax credit, revises rules for pass-through entity tax credits for taxes paid to other states, and updates the tax amnesty program and estimated tax penalty determinations. It also makes amendments to the aircraft license excise tax and clarifies the definition of "specified research or experimental expenditures" for tax purposes.
Committee Categories
Budget and Finance
Sponsors (7)
Scott Baldwin (R)*,
Travis Holdman (R)*,
Linda Rogers (R)*,
Ron Alting (R),
Dan Dernulc (R),
Craig Snow (R),
Jeff Thompson (R),
Last Action
Second reading: amended, ordered engrossed (on 02/19/2026)
Official Document
bill text
bill summary
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bill summary
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bill summary
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