<p>In this episode, panelists discuss state tax compliance considerations for corporations and partnerships filing their 2025 returns. They also highlight recently enacted state tax law changes that take effect in 2026 and may impact quarterly estimated tax payments, including state responses to the One Big Beautiful Bill Act. Additionally, panelists discuss state penalty and interest relief provisions related to retroactive law changes that affect 2025 tax-year returns and 2026 quarterly tax payments.</p>

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.