Governor Deval Patrick's Budget Recommendation - House 1 Fiscal Year 2014

2.205 -Deduction for Certain Dividends of Cooperatives

Item DescriptionFY2012 FY2013 FY2014
2.205 Deduction for Certain Dividends of Cooperatives
Farmers' cooperatives and certain corporations acting as cooperatives may deduct patronage dividends and other amounts from gross income. Cooperatives meeting certain requirements may deduct dividends on capital stocks and certain payments to patrons such as investment income. Under generally accepted rules for taxing corporations, the corporation cannot deduct dividends paid to shareholders.

Origin:  IRC, S. 1381-1383
Estimate:  N.A.
N.A. N.A. N.A.


IRCFederal 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.

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