Individual income, corporate franchise, sales and use, and gross receipts taxes and other various taxes and tax-related provisions modified; federal conformity provided; sustainable aviation fuel credit modified; firearms gross receipts tax imposed; social media tax imposed; and money appropriated.

Summary

The bill changes individual income, corporate, sales, use, and gross receipts taxes, lowers the sales tax rate, and expands its base. It also creates new taxes on firearms sales and social‑media revenue, and modifies credits for sustainable aviation fuel, dependent care, historic rehabilitation, and other areas. These changes aim to modernize the tax system and generate new revenue.

AI-generated summary — may be incomplete or inaccurate. Verify against the official bill text.

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