Indiana HB1332 aligns state income tax definitions with the Internal Revenue Code as of January 1, 2023.

HB1332 amends the definition of "Internal Revenue Code" in Indiana's tax laws to match the federal Internal Revenue Code as it stood on January 1, 2023. This change ensures that state tax regulations conform with federal tax provisions, affecting how individual, corporate, and other taxable incomes are calculated. The bill also specifies certain federal tax provisions that remain unaffected by subsequent amendments, ensuring consistency in tax treatment. Effective January 1, 2026, this alignment helps maintain parity between state and federal tax laws.

Indiana HB1332 aligns state income tax definitions with the Internal Revenue Code as of January 1, 2023.

HB1332 amends the definition of "Internal Revenue Code" in Indiana's tax laws to match the federal Internal Revenue Code as it stood on January 1, 2023. This change ensures that state tax regulations conform with federal tax provisions, affecting how individual, corporate, and other taxable incomes are calculated. The bill also specifies certain federal tax provisions that remain unaffected by subsequent amendments, ensuring consistency in tax treatment. Effective January 1, 2026, this alignment helps maintain parity between state and federal tax laws.