CS/SB 7048: Internal Revenue Code

GENERAL BILL by Appropriations, Finance and Tax

Internal Revenue Code; Revising the definition of the term “Internal Revenue Code”; providing for retroactive application; requiring the Department of Revenue to adopt rules; authorizing the Department of Revenue to adopt emergency rules, etc.

Current Bill Version Posted: 3/3/2026 02:46 PM

• Senate Committee References (1)

  1. Appropriations (AP)

• Related Bills (1)

  Bill Number Subject Filed By Last Action and Location	Relationship Learn more about bill relationships
  H 7031 by Ways & Means Committee Taxation Last Action: 3/12/2026 H Ordered engrossed, then enrolled	Compare

• Citations - Statute (2)

  The page numbers, when listed, for citations are constantly under review. The journals or printed bills of the respective chambers should be consulted as the official documents of the Legislature.
  
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  220.03	Definitions.	Page 1 (pdf)
  220.13	“Adjusted federal income” defined.	Page 2 (pdf)

• Bill History

  S = Senate, H = House

  2/20/2026	S	• Submitted for consideration by Finance and Tax • On Committee agenda-- Finance and Tax, 02/25/26, 1:30 pm, 301 Senate Building
  2/25/2026	S	• Submitted as Committee Bill and Reported Favorably by Finance and Tax; YEAS 7 NAYS 0 • Filed • Referred to Appropriations • On Committee agenda-- Appropriations, 03/02/26, 12:00 pm, 110 Senate Building
  2/26/2026	S	• Introduced
  3/2/2026	S	• CS by- Appropriations; YEAS 17 NAYS 0
  3/3/2026	S	• Pending reference review -under Rule 4.7(2) - (Committee Substitute) • CS by Appropriations read 1st time
  3/4/2026	S	• Placed on Calendar, on 2nd reading • Placed on Special Order Calendar, 03/06/26
  3/6/2026	S	• Read 2nd time • Substituted HB 7031 • Laid on Table, refer to HB 7031