Indiana SB0212 amends the definition of "Internal Revenue Code" to align with certain federal tax provisions.
Indiana SB0212 modifies the definition of "Internal Revenue Code" to conform with specific federal tax provisions enacted in Public Law 119-21 (One Big Beautiful Bill Act of 2025). This change ensures that certain federal tax laws are applied retroactively starting January 1, 2025. The bill also specifies that certain federal statutes enacted before January 1, 2023, affecting federal adjusted gross income, taxable income, tax credits, or other federal tax attributes, are considered part of the Internal Revenue Code as in effect on January 1, 2023.
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