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 second 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 Arizona, Arkansas, California, Colorado, Connecticut, District of Columbia, Florida, Georgia, Hawaii, Idaho, Illinois, Indiana, Iowa, Kansas, Louisiana, Maine, Maryland, Mississippi, Montana, Nebraska, New Hampshire, New Jersey, New Mexico, New York, Oklahoma, Oregon, South Carolina, Tennessee, Texas, Vermont and West Virginia
• A summary of judicial developments in Indiana, Nebraska, New York City and Vermont
• A summary of administrative developments in the District of Columbia, Georgia, Hawaii, Indiana, Maryland, Michigan, New Jersey, Oregon and South Carolina
• A discussion of state and local tax items to watch from the US Government, as well as California, Louisiana, Minnesota, Oregon and Texas

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ATTACHMENT

Second quarter 2021 state corporate income/franchise tax developments