SB 243: Various tax matters.
SB 243 status: Introduced — Public Law 128 (updated Mar 5, 2026).
What this bill does
Overall score
Bill summary
OfficialAmends 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 wi...
Key analysis
Impact analysis
Environment
Benefits
- no direct environmental impact
Risks
- no direct environmental impact
Economy
Benefits
- improves tax system alignment with federal law
- enhances administrative efficiency for tax filings
Risks
- potential increase in compliance burdens for small businesses
- extended enforcement powers for the Department of Revenue
Society
Benefits
- clarifies and likely improves adoption tax credit access
- expands or clarifies ABLE account contribution definitions
Risks
- increased liability for individuals designated as responsible persons
- administrative shifts may create friction for non-digital savvy taxpayers
How trustworthy & consequential it is
Source
OpenStates
Confidence
lowlow
Analysis status
OpenStates summary
LegiScan returned a PDF-only document. PDF extraction is not enabled in this build, so the pipeline used a safer fallback.
Analysis based on summary abstract, not full bill text
Where it stands
Introduced
CurrentPublic Law 128
Committee
UpcomingFloor
UpcomingGovernor
UpcomingEnacted
UpcomingHow it affects your district
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