summary
Introduced
01/23/2017
01/23/2017
In Committee
01/23/2017
01/23/2017
Crossed Over
Passed
Dead
12/31/2018
12/31/2018
Introduced Session
190th General Court
Bill Summary
For legislation to require accurate reporting of corporate profits. Revenue.
AI Summary
This bill aims to require accurate reporting of corporate profits. It amends Section 32B of Chapter 63 of the General Laws to specify that members of a combined group subject to tax shall determine their apportioned share of the taxable net income or loss of the combined group pursuant to a worldwide election, where each taxpayer member, regardless of location, shall take into account the income and apportionment factors of all the members includible in the combined group.
Committee Categories
Budget and Finance
Sponsors (1)
Last Action
Accompanied a study order, see S2497 (on 04/30/2018)
Official Document
bill text
bill summary
Loading...
bill summary
Loading...
bill summary
Document Type | Source Location |
---|---|
State Bill Page | https://malegislature.gov/Bills/190/S1548 |
Bill | https://malegislature.gov/Bills/190/S1548.pdf |
Loading...