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June 30, 2023
2023-1173

State corporate income and franchise tax developments in the second quarter of 2023

This Tax Alert provides a summary of the significant legislative, administrative and judicial actions that affected US state and local income/franchise and other business taxes for the second quarter of 2023. 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 Alabama, Arizona, Arkansas, Colorado, Connecticut, Florida, Georgia, Hawaii, Illinois, Indiana, Iowa, Kansas, Louisiana, Maryland, Minnesota, Montana, Nebraska, New Mexico, New York, North Carolina, Oklahoma, Oregon, South Carolina, Tennessee, Texas, Vermont and Virginia
  • A summary of administrative developments in Colorado, Illinois, Indiana and Pennsylvania
  • A discussion of state tax items to watch in Colorado, Massachusetts, Minnesota, New Jersey and Pennsylvania

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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)
   • Karen Ryan (karen.ryan@ey.com)
   • John Heithaus (john.heithaus@ey.com)
   • Dan Lipton (Daniel.Lipton@ey.com)
   • Breen Schiller (Breen.Schiller@ey.com)
   • Scott Roberti (Scott.Roberti@ey.com)
   • Rebecca Bertothy (Rebecca.bertothy@ey.com)

Published by NTD’s Tax Technical Knowledge Services group; Jennifer A Brittenham, legal editor

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ATTACHMENT

Second quarter 2023 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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