<p>In this episode, panelists discuss the state and local implications of the final provisions of the federal budget reconciliation bill and what actions businesses should consider going forward. Presenters address the post-TCJA state tax landscape, state conformity considerations, and the outlook for state tax policy in response to the federal law.</p>

EY talks tax: State & local tax issues impacting the financial services industry (July 30, 2025)

EY Talks Tax is a podcast series that examines significant recent and upcoming tax developments and their implications for businesses. In the series, EY subject-matter professionals share insights on a wide range of topics, from federal to international and state and local tax issues. Views expressed in this podcast are those of the speakers and do not necessarily represent the views of Ernst & Young LLP. The series is provided solely for the purpose of enhancing knowledge on tax matters. It does not provide accounting, tax or other professional advice because it does not take into account any specific taxpayer's facts and circumstances. Episodes in this series originally aired as EY Tax webcasts. To access the accompanying slides, please contact: thought.center.webcast@ey.com.