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03 April 2025

State corporate income and franchise tax developments in the first quarter of 2025

This 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 first quarter of 2025. 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, Illinois, Kentucky, Michigan, Nebraska, South Dakota, Utah and West Virginia
  • A summary of administrative developments in District of Columbia, Georgia, Indiana, Massachusetts, New Mexico and Texas
  • A discussion of federal and state and local tax items to watch in California, Connecticut, Georgia, Illinois, Maine, Massachusetts, New Jersey, North Carolina, Pennsylvania, Rhode Island, South Carolina and Virginia
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Attachment

First quarter 2025 state corporate income/franchise tax developments

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For additional information concerning this Alert, please contact:

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

Document ID: 2025-0816

 

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