Plain English Breakdown
The official source material does not specify which exact provisions from Public Law 119-21 will be matched by this bill.
Indiana Tax Changes to Match Federal Rules
This bill changes how Indiana defines the Internal Revenue Code for state income taxes to match certain provisions from Public Law 119-21.
What This Bill Does
- Amends the definition of 'Internal Revenue Code' for state income tax purposes to conform with certain provisions enacted in Public Law 119-21.
Who It Names or Affects
- People who pay state income taxes in Indiana
- Tax agencies that collect and manage state income taxes
Terms To Know
- Internal Revenue Code
- The main set of laws about federal taxes in the United States.
- Public Law 119-21
- A major federal law from 2025 that changed many tax rules.
Limits and Unknowns
- The bill does not specify which exact parts of Public Law 119-21 it will match.
- It is unclear when the changes to Indiana's tax laws will take effect.