2.703 -Exemption for Regulated Investment Companies

Item Description FY2014 FY2015 FY2016 FY2017 FY2018
2.703 Exemption for Regulated Investment Companies
Regulated Investment Companies are exempt from the corporate excise. This item constitutes a tax expenditure in Massachusetts, though it is not considered a tax expenditure at the federal level.

Origin: M.G.L. c. 63, § 68C(8)
Estimate:  N.A.
N.A. 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.