Governor Deval Patrick's Budget Recommendation - House 2 Fiscal Year 2013

Governor's Budget Recommendation FY 2013

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2.703 -Exemption for Regulated Investment Companies

Item DescriptionFY2011 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.


IRCFederal 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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