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22 December 2023

State corporate income and franchise tax developments in the fourth 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 period October 1, 2023 through December 22, 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 Massachusetts, New York City, North Carolina, Pennsylvania Oregon, Texas and Wisconsin
  • A summary of judicial developments in California and Minnesota
  • A summary of administrative developments in Colorado, Hawaii, Indiana, Iowa, Mississippi, Montana, Nebraska, New Hampshire, New Jersey, Pennsylvania, Texas and Utah
  • A discussion of state tax items to watch in New York

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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; Andrea Ben-Yosef, legal editor

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ATTACHMENT

Fourth quarter 2023 state corporate income/franchise tax developments

Document ID: 2023-2119

 

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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