MASSACHUSETTS DEPARTMENT OF REVENUE REGULATION FACT SHEET
TITLE: 830 CMR 62.63.1: Installment Transactions
REGULATORY HISTORY: Regulation promulgated July 14, 2006
SUMMARY OF REGULATION: This regulation repeals and replaces the outdated Accounting Methods Regulation, promulgated in 1958, and explains recent statutory changes to the Massachusetts installment sale election provision under G.L. c. 62, § 63. The statutory changes, effective for tax years beginning on or after January 1, 2005, allow taxpayers who are treated as electing installment sale treatment federally to automatically qualify for Massachusetts's installment sale treatment if the Massachusetts gain for the entire transaction is less than $1 million.
REASON FOR CHANGE: Sections 19, 20 and 72 of chapter 262 of the Acts of 2004 amended G.L. c. 62, § 63.
PREPARED BY:
Massachusetts Department of Revenue
Rulings and Regulations Bureau
100 Cambridge Street, 7 th floor
Boston, Massachusetts 02114
(617) 626-3250
FAX: (617) 626-3290

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