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

2.703 -Exemption for Regulated Investment Companies


Item DescriptionFY2012 FY2013 FY2014
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 TEB at the federal level.

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

Key:

ORIGIN  
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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