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2.703 -Exemption for Regulated Investment Companies
| Item | Description | FY2008 | FY2009 | FY2010 |
|---|---|---|---|---|
| 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. 30 and 38B 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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