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.
California enacts changes to pass-through entity tax On February 9, 2022, the California governor signed Senate Bill 113 (S.B. 113), which includes certain technical corrections to California’s recently enacted elective pass-through entity tax (see previously issued Multistate Tax Alert for more details about this tax). An identical bill, Assembly Bill 87 (A.B. 87), was introduced, however, S.B. 113 is the legislation the California Legislature chose to enact.
This Multistate Tax Alert summarizes some of the provisions of S.B. 113. [Issued: February 9, 2022] More
30 Rockefeller Plaza New York, NY 10112-0015 United States
About Deloitte Deloitte refers to one or more of Deloitte Touche Tohmatsu Limited (“DTTL”), its global network of member firms, and their related entities (collectively, the “Deloitte organization”). DTTL (also referred to as “Deloitte Global”) and each of its member firms and related entities are legally separate and independent entities, which cannot obligate or bind each other in respect of third parties. DTTL and each DTTL member firm and related entity is liable only for its own acts and omissions, and not those of each other. DTTL does not provide services to clients. Please see www.deloitte.com/about to learn more.
