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)
Tax Type
Tax Expenditure
Item Number
Item Name
Description
Origin
FY2018
FY2019
FY2020
FY2021
FY2022
Corporate Excise Tax
Entity Exempt from Taxation
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.
<a href="https://malegislature.gov/Laws/GeneralLaws/PartI/TitleIX/Chapter63/Section68c" target="_blank">M.G.L. c. 63, § 68C(8)</a>
N.A.
N.A.
N.A.
N.A.
N.A.
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