HB 1223: Modifying Certain Tax Expenditures
HB 1223 status: Enacted — Governor Signed (updated Jun 4, 2026).
What this bill does
Overall score
Bill summary
OfficialThe act creates and allows taxpayers to claim a refundable tax credit, in addition to the child tax credit and the family affordability tax credit, in an amount determined by the amount and age of the taxpayer's children and the taxpayer's income. The total amount of the new tax credit is adjusted annually based on leg...
Key analysis
Impact analysis
Environment
Benefits
- no direct environmental impact identified
Risks
- no direct environmental impact identified
Economy
Benefits
- provides refundable tax credits to families
- offsets utility costs for certain food and drink retailers
Risks
- increases costs for businesses by repealing software tax exemptions
- tax shifts can create localized economic uncertainty
Society
Benefits
- improves affordability for families through new child tax credits
- supports the food and beverage industry
Risks
- potential for increased costs passed to consumers for software services
How trustworthy & consequential it is
Source
OpenStates
Confidence
lowlow
Analysis status
OpenStates summary
Repealing the software sales tax exemption may significantly increase operational costs for businesses relying on digital licenses
Analysis is based on a summary abstract rather than the full legislative text
Where it stands
Introduced
CompleteCommittee
CompleteFloor
CompleteGovernor
CompleteEnacted
CompleteHow it affects your district
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