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02 April 2024

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

Document ID: 2024-0717

 

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