IN HB1332

Amends Indiana Code IC 6-3-1-11 to update the state's definition of "Internal Revenue Code" to conform with certain provisions of Public Law 119-21 (the One Big Beautiful Bill Act of 2025)

Creates a special conformity date of July 4, 2025 (instead of the general January 1, 2023 date) for three specific federal tax provisions: IRC Section 23, Section 168(e)(3)(B)(vi), and Section 223(c)(2)(E)

Applies retroactively to January 1, 2026, and is declared an emergency measure

Authored by Representative Thompson and referred to the House Committee on Ways and Means on January 6, 2026