Adjustments to Apportionment Formula

Fiscal Year 2010 Resource Summary (in Millions)
TAX EXPENDITURE	FY2009	FY2010	FY2011
Adjustments to Apportionment Formula	310.4	307.9	318.5

item	description	amount
Adjustments to Apportionment Formula		318.5
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: $318.5	318.5

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.