MASSACHUSETTS DEPARTMENT OF REVENUE REGULATION FACT SHEET

TITLE: 830 CMR 63.38T.1: Taxation of Unrelated Business Income of Exempt Organizations

SUMMARY OF REGULATION:
Regulation 830 CMR 63.38T.1 explains the Massachusetts taxation, pursuant to M.G.L. chapters 62 and 63, of income from unrelated business activities of corporations, trusts, and unincorporated associations exempt from taxation under section 501 of the Internal Revenue Code. This Regulation, in particular:

  • defines relevant terms;
  • explains the Massachusetts tax treatment of corporations exempt from taxation pursuant to section 501 of the Internal Revenue Code (IRC § 501);
  • explains the Massachusetts tax treatment of trusts exempt from taxation pursuant to IRC § 501;
  • explains the Massachusetts tax treatment of unincorporated associations exempt from taxation pursuant to IRC § 501;
  • explains the filing requirements for exempt organizations.

REGULATORY HISTORY:
Regulation promulgated 10/ 5/2007

PREPARED BY:
Massachusetts Department of Revenue
Rulings and Regulations Bureau
100 Cambridge Street, 7 th floor
Boston, Massachusetts 02210
(617) 626-3250
FAX: (617) 626-3290