Indiana SB0243 amends various tax statutes to align with federal changes and update tax procedures.

Indiana SB0243 amends the state's tax code to conform with certain federal tax provisions, particularly those enacted in Public Law 116-260. The bill updates the state's income tax statutes, modifies withholding requirements for gambling winnings, and revises procedures for tax warrants and refunds. It also specifies the liability of responsible persons for trust fund taxes and defines terms such as "petroleum gatherer" and "qualified production property." The bill further details the process for disclosing tax information for enforcement purposes and outlines penalties for noncompliance.

Indiana SB0243 amends various tax statutes to align with federal changes and update tax procedures.

Indiana SB0243 amends the state's tax code to conform with certain federal tax provisions, particularly those enacted in Public Law 116-260. The bill updates the state's income tax statutes, modifies withholding requirements for gambling winnings, and revises procedures for tax warrants and refunds. It also specifies the liability of responsible persons for trust fund taxes and defines terms such as "petroleum gatherer" and "qualified production property." The bill further details the process for disclosing tax information for enforcement purposes and outlines penalties for noncompliance.