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.
Virginia enacts changes to pass-through entity tax On March 27, 2023, Virginia House Bill 1456/Senate Bill 1476 (H.B. 1456/S.B. 1476) was enacted into law, which includes certain amendments to Virginia’s elective pass-through entity tax.
This Multistate Tax Alert summarizes some of the provisions of H.B. 1456/S.B. 1476. [Issued: DATE] More
West Virginia enacts pass-through entity tax election On March 28, 2023, West Virginia Senate Bill 151 (S.B. 151) was signed into law. Under the legislation, pass-through entities may make an annual election to pay an entity level state tax for taxable years beginning on and after January 1, 2022.
This Multistate Tax Alert summarizes some of the provisions of S.B. 151. [Issued: March 29, 2023] More
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