Treasury is reviewing the recently enacted tax law changes, including the new Marijuana Wholesale Tax. Developing clear and accurate information for tax stakeholders is our top priority. This guidance will be posted to our website in the coming weeks.
20. May a flow-through entity (FTE) file a composite return if it elected to pay the flow-through entity tax?
Yes, a flow-through entity that elected to pay the flow-through entity tax may still file a composite return on behalf of its participating members.
For more information about the flow-through entity tax credit see Flow-Through Entity (FTE) Tax Credit FAQs.