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Volume 1
- Budget Message
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Volume 2
- Budget Development
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- Local Aid - Section 3
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- Tax Expenditure Budget
- Appendix A
- Glossary
2.703 -Exemption for Regulated Investment Companies
Item | Description | FY2011 | FY2012 | FY2013 |
---|---|---|---|---|
2.703 | Exemption for Regulated Investment Companies
Corporate Regulated Investment Companies are exempt from the corporate excise. The non-taxation of their net income and property creates tax expenditure. Origin: M.G.L. c. 63, S. 68C(8) Estimate: N.A. |
N.A. | N.A. | N.A. |
Key:
ORIGIN | |
IRC | Federal Internal Revenue Code (26 U.S.C.) |
---|---|
M.G.L. | Massachusetts General Laws |
U.S.C | United States Code |
ESTIMATES | All estimates are in $ millions. |
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