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April 2, 2024
2024-0717

State corporate income and franchise tax developments in the first quarter of 2024

This 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 first quarter of 2024. 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, Idaho, Mississippi, New Mexico, South Carolina, South Dakota, Utah and West Virginia
  • A summary of judicial developments in California, New York and South Carolina
  • A summary of administrative developments in California, Indiana, Michigan, Mississippi, Missouri, New Jersey, New York City and Pennsylvania
  • A discussion of federal tax items and state tax items to watch in California, Florida, Georgia, Illinois, Kentucky, Maryland, Massachusetts, Michigan, Missouri, New Hampshire, New Jersey, New York, Oregon, Rhode Island, Tennessee and Vermont.
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Attachment

First quarter 2024 state corporate income/franchise tax developments

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Contact Information

For additional information concerning this Alert, please contact:

State and Local Taxation Group

Published by NTD’s Tax Technical Knowledge Services group; Chris DeZinno, legal editor
 

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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