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08 January 2025

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

This Tax Alert provides a summary of the significant legislative and administrative actions that affected US state and local income/franchise and other business taxes for the fourth 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 Illinois, Louisiana, Massachusetts and the City of San Francisco, CA
  • A summary of administrative developments in Florida, Illinois, Iowa, Massachusetts, Michigan and Tennessee
  • A discussion of state and local tax items to watch in California, District of Columbia, Maine, Massachusetts, Michigan and Virginia
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Attachment

Fourth 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: 2025-0169

 

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