Vote Smart's Synopsis:

Vote to amend and pass a bill that amends and establishes state income tax statutes in Indiana to conform with certain provisions in Public Law 119-21 (HR 1) (commonly known as the "One Big Beautiful Bill Act of 2025").

Highlights:

• Specifies rounding provisions for cash transactions with regard to the penny phaseout (Sec. 1).

• Amends state income tax withholding provisions for gambling winnings (Sec. 20).

• Amends the definition of "contribution" for purposes of the state income tax credit for contributions to an ABLE account to mean the amount of money directly provided to an Indiana ABLE 529A saving plan account by a taxpayer (Sec. 15).

• Authorizes the Department of State Revenue (department) to mail documents electronically through its online tax system (Sec. 68).

• Authorizes taxpayers to request to receive all documents from the department through the department's online tax system (Sec. 68).

• Amends certain tax warrant procedures (Sec. 75-111).

• 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 (Sec. 22).

• Amends the statute of limitations for issuing assessments and refunds based on an RAR to one year (Sec. 22).

• Establishes certain sales tax enforcement provisions regarding motor vehicles, cargo trailers, aircraft, and watercraft (Sec. 4).

• Amends provisions regarding confidentiality of tax information (Sec. 74).

• Amends various provisions of the cigarette tax chapter, the petroleum severance tax chapter, and the alcoholic beverage excise tax chapters (Sec. 30-66).

• Specifies the liability of responsible persons for trust fund taxes (Sec. 67-77).

• Defines the term "responsible person" with regard to trust fund taxes as a member of an applicable business entity who has a duty to remit listed taxes held in trust for the department or a political subdivision (Sec. 67).

• Specifies application of the Indiana adoption tax credit (Sec. 5).

• Amends provisions in the pass through entity tax regarding credit for taxes paid to another state (Sec. 14).

• Amends provisions in the tax amnesty program (Sec. 80).

• Specifies the determination of estimated tax penalties (Sec. 77).

• Makes amending changes to the aircraft license excise tax (Sec. 70).

Full Bill Text

Vote Smart's Synopsis:

Vote to pass a bill that amends and establishes state income tax statutes in Indiana to conform with certain provisions in Public Law 119-21 (HR 1) (commonly known as the "One Big Beautiful Bill Act of 2025").

Highlights:

• Specifies rounding provisions for cash transactions with regard to the penny phaseout (Sec. 1).

• Amends state income tax withholding provisions for gambling winnings (Sec. 20).

• Amends the definition of "contribution" for purposes of the state income tax credit for contributions to an ABLE account to mean the amount of money directly provided to an Indiana ABLE 529A saving plan account by a taxpayer (Sec. 15).

• Authorizes the Department of State Revenue (department) to mail documents electronically through its online tax system (Sec. 68).

• Authorizes taxpayers to request to receive all documents from the department through the department's online tax system (Sec. 68).

• Amends certain tax warrant procedures (Sec. 75-111).

• 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 (Sec. 22).

• Amends the statute of limitations for issuing assessments and refunds based on an RAR to one year (Sec. 22).

• Establishes certain sales tax enforcement provisions regarding motor vehicles, cargo trailers, aircraft, and watercraft (Sec. 4).

• Amends provisions regarding confidentiality of tax information (Sec. 74).

• Amends various provisions of the cigarette tax chapter, the petroleum severance tax chapter, and the alcoholic beverage excise tax chapters (Sec. 30-66).

• Specifies the liability of responsible persons for trust fund taxes (Sec. 67-77).

• Defines the term "responsible person" with regard to trust fund taxes as a member of an applicable business entity who has a duty to remit listed taxes held in trust for the department or a political subdivision (Sec. 67).

• Specifies application of the Indiana adoption tax credit (Sec. 5).

• Amends provisions in the pass through entity tax regarding credit for taxes paid to another state (Sec. 14).

• Amends provisions in the tax amnesty program (Sec. 80).

• Specifies the determination of estimated tax penalties (Sec. 77).

• Makes amending changes to the aircraft license excise tax (Sec. 70).

Full Bill Text