Bill

Bill > S1548


MA S1548

Requiring accurate reporting of corporate profits


summary

Introduced
01/23/2017
In Committee
01/23/2017
Crossed Over
Passed
Dead
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)

bill text


bill summary

Loading...

bill summary

Loading...

bill summary

Loading...