This is not the official budget document.

Budget Summary FY2016

Outside Section 70
Data Current as of:  8/19/2015




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Combined Reporting Technical Edit

SECTION 70.   Paragraph 3 of section 30 of chapter 63 of the General Laws, as so appearing, is hereby amended by inserting after the second sentence the following sentence:- For the purposes of this paragraph, in the case of a business corporation required to be included in a combined report pursuant to clause (i) of paragraph (3) of subsection (c) of section 32B, gross income shall be determined as if the corporation were organized in the United States.
 

Veto Explanation:
I am vetoing this section because it imposes additional taxes on certain businesses with operations in Massachusetts.