taxnews.ey.comPrint

09 January 2026

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

Highlights include:

  • A summary of federal and state legislative developments in California, Delaware, District of Columbia, Illinois, Michigan, Pennsylvania and Texas
  • A summary of administrative developments in Alabama, Indiana, Iowa, Kansas, Louisiana, Maine, Massachusetts, Nebraska, New Hampshire, New Jersey, Rhode Island, Tennessee, Texas, Virginia, Wisconsin and San Francisco, CA
  • A discussion of state and local tax items to watch in Florida, Iowa, Massachusetts, Missouri, New York City and Texas
* * * * * * * * * *
Attachment

Fourth quarter 2025 state corporate income/franchise tax developments

* * * * * * * * * *
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: 2026-0161

 

The information contained herein is general in nature and is not intended, and should not be construed, as legal, accounting or tax advice or opinion provided by Ernst & Young LLP to the reader. The reader also is cautioned that this material may not be applicable to, or suitable for, the reader's specific circumstances or needs, and may require consideration of non-tax and other tax factors if any action is to be contemplated. The reader should contact his or her Ernst & Young LLP or other tax professional prior to taking any action based upon this information. Ernst & Young LLP assumes no obligation to inform the reader of any changes in tax laws or other factors that could affect the information contained herein.

 

Copyright © 1996 – 2026, Ernst & Young LLP

 

All rights reserved. No part of this document may be reproduced, retransmitted or otherwise redistributed in any form or by any means, electronic or mechanical, including by photocopying, facsimile transmission, recording, rekeying, or using any information storage and retrieval system, without written permission from Ernst & Young LLP.

 

EY US Tax News Update Master Agreement | EY Privacy Statement