|MASSACHUSETTS DEPARTMENT OF REVENUEREGULATION FACT SHEET|
|TITLE: 830 CMR 63.38.8: Apportionment of Income of Pipeline Companies|
|REGULATORY HISTORY: Regulation promulgated December 30, 2005.|
|SUMMARY OF REGULATION: This Regulation provides an alternative apportionment formula for pipeline companies. This regulation, in particular:|
|requires a three factor apportionment formula, with no change to the current property and payroll factors under G.L. c. 63, § 38(c) and 830 CMR 63.38.1,|
|provides an alternative sales factor, based on "traffic units,"|
|defines sales factor as a fraction, whose numerator is the total number of traffic units in Massachusetts during the taxable year and whose denominator is the total number of traffic units everywhere during the taxable year,|
|defines the term "traffic unit" as a way to measure the movement of a specific volume of gas or other product over a specific distance within a pipeline system,|
|defines pipeline companies to include any entity that is engaged in the business of transporting mineral products, such as oil, gasoline, and natural gas.|
|REASON FOR CHANGE: Pursuant to authority granted the Commissioner by G.L. c. 63, § 38(j).|
|PREPARED BY: Massachusetts Department of Revenue|
|Rulings and Regulations Bureau|
|100 Cambridge Street, 7 th floor|
|Boston, Massachusetts 02114|
|FAX: (617) 626-3290|
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