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Multistate Tax  |  March 7, 2025
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. ad



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

Arizona: New Law Updates State Conformity to Internal Revenue Code California FTB Summarizes 2024 Legislation that Suspended NOLs and Limits Some Credits California Office of Tax Appeals Issues Decision on Nonqualified Entity’s Jurisdiction to Appeal Indiana DOR Adopts New Rule Reflecting 2019 Implementation of Market-Based Sourcing Indiana: Out-of-State Equity Firm Successfully Showed its Apportionment Factor is Zero Rather than 100% New Hampshire: Water’s Edge Combined Group Allowed to Offset Capital Gains with Member’s Capital Loss Carryback New York Tax Appeals Tribunal Reverses ALJ Holding that Permitted Investment Bank to Source Income from Securities Transactions Using Alternate Method


Kentucky: Combo Deli and Grocer Deemed Perishable Prepared Food Manufacturer Eligible for Exemption


Ohio Board of Tax Appeals Holds that COVID-19 Pandemic Impacted TY 2020 Hotel Valuation Wyoming: New Law Increases Business Property Tax Exemption and Enacts Fair Market Value Limitations on Certain TPP


Rhode Island: New Rule Addresses Payment or Delivery of Virtual Currency to Administrator


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.




Helpful resources

Visit Deloitte.com

State tax Matters archive

Multistate Tax Alert archive

Read Accounting for Income Taxes

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Visit tax@hand



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