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01 April 2021

State corporate income and franchise tax developments in the first quarter of 2021

The attached Alert provides a summary of the significant legislative, administrative and judicial actions that affected state and local income/franchise and other business taxes for the first quarter of 2021. These developments are compiled from the EY Indirect/State Tax Weekly and Indirect/State Tax Alerts.

Highlights include:

  • A summary of legislative developments in Alabama, Arkansas, Colorado, Connecticut, Georgia, Idaho, Kansas, Kentucky, Maine, New Jersey, South Dakota, Utah, Virginia, West Virginia and Wisconsin
  • A summary of judicial developments in Idaho, Massachusetts and Wisconsin
  • A summary of administrative developments in Colorado, Indiana, Iowa, Missouri, Nebraska, Nevada, New Hampshire, New Jersey, New Mexico, New York, North Carolina, Oklahoma, Oregon, Rhode Island, South Carolina, Tennessee and Texas
  • A discussion of state and local tax items to watch in Kansas, New York, Texas and Virginia

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Contact Information
For additional information concerning this Alert, please contact:
 
State and Local Taxation Group
   • Karen Currie (karen.currie@ey.com)
   • Jess Morgan (jessica.morgan@ey.com)
   • Keith Anderson (keith.anderson02@ey.com)
   • Erik Harris (erik.harris@ey.com)
   • Karen Ryan (karen.ryan@ey.com)
   • Deane Eastwood (deane.eastwood@ey.com)
   • Tim Kimmel (timothy.kimmel@ey.com)

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ATTACHMENT

First quarter 2021 state corporate income/franchise tax developments

Document ID: 2021-0685

 

The information contained herein is general in nature and is not intended, and should not be construed, as legal, accounting or tax advice or opinion provided by Ernst & Young LLP to the reader. The reader also is cautioned that this material may not be applicable to, or suitable for, the reader's specific circumstances or needs, and may require consideration of non-tax and other tax factors if any action is to be contemplated. The reader should contact his or her Ernst & Young LLP or other tax professional prior to taking any action based upon this information. Ernst & Young LLP assumes no obligation to inform the reader of any changes in tax laws or other factors that could affect the information contained herein.

 

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