In 2025, the One Big Beautiful Bill Act (OBBBA) introduced significant federal tax cuts and sweeping changes to the Internal Revenue Code. Now, states face critical decisions on whether to align their tax codes with these changes. Taxpayers and practitioners need clear guidance on how these updates will impact state income taxes.
To provide clarity, Bloomberg Tax conducted a comprehensive survey across all 50 states, the District of Columbia, and New York City. With responses from 41 of these 52 jurisdictions, this executive summary offers exclusive insights into:
- Expected state legislation addressing OBBBA conformity in the next session
- Plans for issuing OBBBA-related guidance
- The number of OBBBA provisions each state plans to address
The full survey results are available by request.
Stay ahead of state tax changes and prepare to adapt your strategies in 2026. Download the executive summary today.