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26 June 2026

State corporate income and franchise tax developments in the second quarter of 2026

The attached document has been updated to include legislation enacted through June 30, 2026. Updated or added developments are marked with an asterisk (“*”) for the following states: California (updated), New Jersey (added), North Carolina (updated). 

This alert provides a summary of the significant legislative and administrative actions that affected US state and local income/franchise and other business taxes through June 25, 2026.

Highlights include:

  • A summary of state legislative developments in Alabama, Arizona, Arkansas, California, Colorado, Connecticut, Florida, Georgia, Hawaii, Illinois, Iowa, Kansas, Kentucky, Maine, Maryland, Massachusetts, Minnesota, Nebraska, New Jersey, New York, New York City, Oklahoma, Oregon, Rhode Island, South Carolina, Vermont, Virginia, West Virginia and Wisconsin
  • A summary of judicial developments in Florida and New York
  • A summary of administrative developments Illinois, New Jersey, Rhode Island and Texas
  • A discussion of federal and state and local tax items to watch in Illinois and North Carolina
* * * * * * * * * *
Attachment

Second quarter 2026 state corporate income/franchise tax developments

* * * * * * * * * *
Contact Information

For additional information concerning this Alert, please contact:

State and Local Tax

Published by NTD’s Tax Technical Knowledge Services group; Jennifer Mannetta, legal editor

Document ID: 2026-1386

 

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