MASSACHUSETTS DEPARTMENT OF REVENUE REGULATION FACT SHEET
TITLE: 830 CMR 63.31.1: Add Back of Interest or Intangible Expense
REGULATORY HISTORY: Regulation promulgated June 16, 2006
SUMMARY OF REGULATION: This regulation provides the Commissioner of Revenue's interpretation of three recently enacted provisions of the General Laws, M.G.L. c. 63, §§ 31I, 31J, and 31K. These statutory provisions require taxpayers to add back to net income certain otherwise-deductible inter-affiliate intangible and interest expenses, and also provide several exceptions to these general rules.
REASON FOR CHANGE: Pursuant to authority granted the Commissioner by G.L. c. 63, §§ 31I, 31K, 31J.
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