The Senate record for Aug. 22, 2025, includes the introduction of "House bill 10 o 1," described in the record as: "Concerning the requirement for certain taxpayers to add back an amount equal to their federal deduction for qualified business income allowed under section 199A of the federal internal revenue code of 1986 for purposes of determining their state taxable income."

Why it matters: The change would affect how certain taxpayers compute state taxable income by reversing (adding back) the federal qualified business income (QBI) deduction for state tax purposes. That could raise taxable income for affected filers and alter state revenue projections depending on how many taxpayers are subject to the add-back.

What the record shows: The bill was announced on the Senate floor and identified by sponsor names in the record: Representative Serota and Senators Henderson and Cutter. No roll-call vote or committee referral action on the bill was recorded on the floor at the time of the reading. Later announcements on the same day indicated that the Appropriations Committee would meet and "hear House bill 10 o 1."

Procedure and next steps: The transcript does not record a floor vote or a formal referral beyond the reading and the subsequent announcement that Appropriations would hear the bill. The bill text and fiscal impacts were not presented on the floor during the reading recorded in the transcript.

What is not specified: The transcript does not specify which categories of taxpayers would be affected (beyond "certain taxpayers"), dollar impacts, effective dates, or whether the proposal would apply retroactively. It does not show committee amendments or a timetable for further action.