SB 243 IN

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Became Law

Amends and adds state income tax statutes to conform with certain provisions enacted in Public Law 119-21 (H.R. 1) (commonly known as One Big Beautiful Bill Act of 2025). Specifies rounding provisions for cash transactions with regard to the penny phaseout. Amends state income tax withholding provisions for gambling winnings. Amends the definition of "contribution" for purpose of the state income tax credit for contributions to an ABLE account. Amends provisions regarding computation of specified research or experimental expenditures. Authorizes the department of state revenue (department) to mail documents electronically through its online tax system. Allows taxpayers to request to receive all documents from the department through the department's online tax system. Makes changes to certain tax warrant procedures. 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. Amends the statute of limitations for issuing assessments and refunds based on an RAR to one year. Adds certain sales tax enforcement provisions regarding motor vehicles, cargo trailers, aircraft, and watercraft. Amends provisions regarding confidentiality of tax information. Makes various changes to the cigarette tax chapter, the petroleum severance tax chapter, and the alcoholic beverage excise tax chapters. Specifies the liability of responsible persons for trust fund taxes. Defines the term "responsible person" with regard to trust fund taxes. Specifies application of the Indiana adoption tax credit. Revises provisions in the pass through entity tax regrading credit for taxes paid to another state. Amends provisions in the tax amnesty program. Specifies the determination of estimated tax penalties. Makes amending changes to the aircraft license excise tax.

• Travis Holdman Republican · author
• Scott Baldwin Republican · author
• Linda Rogers Republican · author
• Jeffrey Thompson Republican · sponsor

1. Jan 12, 2026 Authored by Senator Holdman · upper
2. Jan 12, 2026 First reading: referred to Committee on Tax and Fiscal Policy · upper
3. Jan 15, 2026 Senator Baldwin added as second author · upper
4. Jan 15, 2026 Senator Dernulc added as coauthor · upper
5. Jan 20, 2026 Committee report: amend do pass, adopted · upper
6. Jan 26, 2026 Senator Rogers added as third author · upper
7. Jan 26, 2026 Second reading: ordered engrossed · upper
8. Jan 26, 2026 Amendment #4 (Young M) failed; Roll Call 66: yeas 20, nays 24 · upper
9. Jan 26, 2026 Amendment #5 (Young M) failed; voice vote · upper
10. Jan 26, 2026 Amendment #6 (Young M) failed; Roll Call 67: yeas 11, nays 32 · upper
11. Jan 26, 2026 Amendment #2 (Yoder) failed; voice vote · upper
12. Jan 28, 2026 Cosponsor: Representative Snow · upper
13. Jan 28, 2026 House sponsor: Representative Thompson · upper
14. Jan 28, 2026 Third reading: passed; Roll Call 122: yeas 47, nays 1 · upper
15. Jan 28, 2026 Senator Alting added as coauthor · upper
16. Jan 29, 2026 Referred to the House · upper
17. Feb 2, 2026 First reading: referred to Committee on Ways and Means · lower
18. Feb 17, 2026 Committee report: amend do pass, adopted · lower
19. Feb 19, 2026 Amendment #2 (DeLaney) failed; Roll Call 289: yeas 31, nays 63 · lower
20. Feb 19, 2026 Amendment #5 (Thompson) prevailed; voice vote · lower
21. Feb 19, 2026 Amendment #1 (Hamilton) failed; Roll Call 287: yeas 38, nays 56 · lower
22. Feb 19, 2026 Amendment #7 (Thompson) prevailed; voice vote · lower
23. Feb 19, 2026 Amendment #3 (DeLaney) failed; Roll Call 288: yeas 35, nays 58 · lower
24. Feb 19, 2026 Second reading: amended, ordered engrossed · lower
25. Feb 23, 2026 Third reading: passed; Roll Call 310: yeas 78, nays 18 · lower
26. Feb 24, 2026 Motion to concur filed · upper
27. Feb 24, 2026 Returned to the Senate with amendments · lower
28. Feb 25, 2026 Senate concurred with House amendments; Roll Call 285: yeas 47, nays 0 · upper
29. Feb 27, 2026 Signed by the President of the Senate · upper
30. Feb 27, 2026 Signed by the Speaker · lower
31. Mar 5, 2026 Signed by the Governor · executive
32. Mar 5, 2026 Public Law 128 · upper
33. Feb 27, 2026 Signed by the President Pro Tempore · upper