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Multistate Tax  |  May 24, 2024
State Tax Matters
State Tax Matters
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Multistate Tax Alerts

Throughout the week, we highlight selected developments involving state tax legislative, judicial, and administrative matters. The alerts provide a brief summary of specific multistate developments relevant to taxpayers, tax professionals, and other interested persons. Read the recent alerts below or visit the archive.



No new alerts were issued this period. Be sure to refer to the archives to ensure that you are up to date on the most recent releases.

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In this issue

Colorado: New Law Temporarily Lowers Income Tax Rate from 4.40% to 4.25% for 2024 Tax Year Connecticut: New Law Extends NOL Carryforward Period and Creates Deduction for Shift to Combined Reporting Indiana DOR Memo Says Amended Return Filed After IRS Advance Pricing Agreement is Timely Michigan: Taxpayer Holding Investments in REMICs Cannot Claim Business Loss Carryforwards North Carolina: New Law Clarifies Corporate Franchise Tax Changes and Extends PTET Election Date Pennsylvania DOR Seeks to Adopt Rule Changes on Business Income and Sourcing Receipts from Services South Carolina: New Law Updates State Conformity to Internal Revenue Code Tennessee: More Guidance on Franchise Tax Refunds Under Newly Repealed Alternative Property Base


Arkansas Supreme Court Says OTCs Don’t Owe State and Local Hotel Taxes Prior to 2019 Law Change Iowa: New Law Exempts Certain Vehicle Leases / Rentals Between Affiliates from Taxation Michigan: Updated Department of Treasury Guidance Addresses Industrial Processing Exemption New York: Facility Management Subscription Fees Deemed Taxable When Bundled with Prewritten Software


Florida: New Law Creates Temporary Refundable Insurance Premium Tax Credit for Insurers


No new alerts were issued this period. Be sure to refer to the archives to ensure that you are up to date on the most recent releases.




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