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2.401 -Unequal Weighting of Sales, Payroll, and Property in the Apportionment Formula

Item	Description	FY2009	FY2010	FY2011
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	310.4	307.9	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.