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Adjustments to Apportionment Formula
| TAX EXPENDITURE | FY2008 | FY2009 | FY2010 |
|---|---|---|---|
| Adjustments to Apportionment Formula | 305.9 | 293.6 | 301.9 |
| item | description | amount |
|---|---|---|
| Adjustments to Apportionment Formula | 301.9 | |
| 2.401 |
Unequal Weighting of Sales, Payroll, and Property in the Apportionment Formula
Corporations with a presence in Massachusetts and other states allocate income to the Commonwealth using a three-factor apportionment formula. A corporation's sales, payroll, and property in Massachusetts are compared to those outside Massachusetts. Origin: M.G.L. c. 63, S. 38 (c) Estimate: $301.9 |
301.9 |
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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