Flag of Indiana sticking in a variety of american banknotes.(series)
SB 212 / Chamber Supports
Last week, the Senate Tax & Fiscal Policy Committee heard Senate Bill 212, the General Assembly’s tax conformity bill aimed at providing clarity for the 2025 filing season. Senate Bill 212 makes targeted updates to Indiana’s Internal Revenue Code reference to conform with a limited set of federal provisions enacted in the One Big Beautiful Bill Act of 2025, effective retroactively to January 1, 2025.
The bill is intentionally narrow and focuses on provisions necessary for immediate taxpayer certainty.
Notably, SB 212 includes a targeted update to conform Indiana law with federal telehealth provisions for Health Savings Accounts (HSAs), ensuring continued HSA eligibility for individuals receiving telehealth services. The bill also updates conformity for the federal adoption credit and a narrow depreciation classification provision, while continuing Indiana’s long-standing policy of decoupling from accelerated depreciation and full expensing provisions due to significant projected fiscal impacts.
Committee members emphasized that additional federal conformity items are expected to be addressed later this session in a broader Department of Revenue bill. During testimony, lawmakers were encouraged to consider additional pro-manufacturing conformity provisions, such as qualified production property and Section 179 expensing thresholds, as part of that later legislation.
Senate Bill 212 passed out of committee by a vote of 11-2 and will move to second and third reading on the Senate floor next week, where potential amendments may be offered. The Indiana Chamber will continue to monitor the bill as it advances.
