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June 28, 2024

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

Note: This publication was updated on July 10, 2024, to add legislation enacted June 28-30, 2024, including legislation enacted in California and New Jersey. New and updated items are marked with an asterisk (*).

This Alert summarizes significant legislative, administrative and judicial actions that affected US state and local income/franchise and other business taxes for the period April 1, 2024 through June 27, 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 Alabama, Arkansas, California, Colorado, Connecticut, Florida, Georgia, Hawaii, Illinois, Iowa, Kansas, Kentucky, Maine, Minnesota, Nebraska, New York, North Carolina, Oregon, Rhode Island, South Carolina, Tennessee, Vermont and Virginia
  • A summary of judicial developments in Wisconsin
  • A summary of administrative developments in Massachusetts
  • A discussion of federal tax items and state tax items to watch in California, the District of Columbia, New Jersey, New York, New York City, Oregon and Pennsylvania
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Second 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