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December 23, 2021
2021-2315

State corporate income and franchise tax developments in the fourth 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 period Oct. 1, 2021 through Dec. 22, 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 Arkansas, Georgia, Illinois, Louisiana, Michigan and North Carolina
  • A summary of judicial developments in California and Delaware
  • A summary of administrative developments in Colorado, Connecticut, Louisiana, Minnesota, New Jersey, New York, South Carolina, Texas, Vermont and Wisconsin
  • A discussion of state and local tax items to watch from the US government, Alabama, Colorado and Texas

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Contact Information
For additional information concerning this Alert, please contact:
 
State and Local Taxation
   • 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)
   • John Heithaus (john.heithaus@ey.com)

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ATTACHMENT

Fourth quarter 2021 state corporate income/franchise tax developments

 

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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