HB 25-1001
signedQualified Business Income Deduction Add-Back
Summary
The act continues indefinitely the existing requirement, which otherwise would have ended for income tax years commencing on or after January 1, 2026, that an amount equal to the federal qualified business income deduction allowed under section 199A of the federal "Internal Revenue Code of 1986" be added back by certain taxpayers to their federal taxable income for the purpose of determining their state taxable income.APPROVED by Governor August 28, 2025EFFECTIVE August 28, 2025(Note: This summary applies to this bill as enacted.)
Details
- Chamber
- House
- First action
- 2025-08-28
- Latest action
- 2025-08-21
- Last action desc.
- Introduced In House - Assigned to Appropriations
- OpenStates
- View source ↗
Topics
Votes
BILL
2025-08-25 · House · pass — Yes: · No: · Other:
COW * (S.001)
2025-08-24 · House · fail — Yes: · No: · Other:
L.005
2025-08-23 · Senate · fail — Yes: · No: · Other:
Refer House Bill 25B-1001 to the Committee of the Whole.
2025-08-23 · Senate · pass — Yes: · No: · Other:
Refer House Bill 25B-1001 to the Committee of the Whole.
2025-08-21 · House · pass — Yes: · No: · Other: