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September 30, 2022
2022-1479

State corporate income and franchise tax developments in the third quarter of 2022

The attached Alert summarizes the significant legislative, administrative and judicial actions that affected US state and local income/franchise and other business taxes for the third quarter of 2022. These developments are compiled from the EY Indirect/State Tax Weekly and Indirect/State Tax Alerts issued during that period.

Highlights include:

  • A summary of legislative developments in Arizona, Arkansas, Idaho, Massachusetts, New York, Pennsylvania, Virginia and New York City
  • A summary of judicial developments in Michigan and New York
  • A summary of administrative developments in Illinois, Iowa, Minnesota, New Hampshire, New Jersey, Texas and Philadelphia, PA
  • A discussion of federal, state and local tax items to watch in California, Idaho, Illinois, New York and Portland, OR

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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)
   • Karen Ryan (karen.ryan@ey.com)
   • John Heithaus (john.heithaus@ey.com)
   • Dan Lipton (daniel.lipton@ey.com)
   • Breen Schiller (breen.schiller@ey.com)

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ATTACHMENT

Third quarter 2022 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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