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16 July 2025

State corporate income and franchise tax developments in the second 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 second 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 Alabama, Arkansas, California, Colorado, Connecticut, Florida, Georgia, Hawaii, Idaho, Illinois, Indiana, Iowa, Kansas, Louisiana, Minnesota, New York, Rhode Island, South Carolina, Tennessee, Texas, Vermont, Virginia and the City of Philadelphia
  • A summary of judicial developments in New York and Wisconsin
  • A summary of administrative developments in Indiana, Maine, Michigan, New Jersey and Texas
  • A discussion of federal and state and local tax items to watch in Alaska, California, Illinois, Maine and Texas
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Attachment

Second quarter 2025 state corporate income/franchise tax developments

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Contact Information

For additional information concerning this Alert, please contact:

State and Local Tax

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

Document ID: 2025-1502

 

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