Quarterly State Income Tax Roundup

2025 Third Quarter

Sara Arvold, Mike Santoro
10/16/2025

Welcome to the Crowe Quarterly State Income Tax Roundup. In this issue, we spotlight the latest state corporate income tax developments and highlight significant proposals and trends shaping the broader tax landscape – keeping you ahead on the issues that matter most.

Notable updates include:

  • One Big Beautiful Bill Act (OBBBA) impacts at state levels
  • Colorado enacts broad tax changes
  • New Jersey launches $500 million manufacturing credit
  • Illinois tax changes and tax amnesty program announced
Quarterly State Income Tax Roundup
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Mike Santoro
Mike Santoro
Principal, Tax