MASSACHUSETTS DEPARTMENT OF REVENUE REGULATION FACT SHEET
TITLE: 830 CMR 63.31N.1: Massachusetts Property Basis Adjustments
REGULATORY HISTORY: Regulation promulgated: 5/9/14
SUMMARY OF REGULATION: The regulation implements the rules set forth in M.G.L. c. 63 § 31N, pertaining to Massachusetts property basis adjustments. In particular, these regulatory rules pertain to: (1) how the Massachusetts basis of an item of property may differ from such property’s federal adjusted basis; (2) the effect of an intercompany transaction with respect to property on the basis of such property (with an emphasis on transactions between members of a combined group that file a combined report); and (3) in the context of a combined report, the basis of stock owned by a shareholder corporation in a subsidiary corporation.
Massachusetts Department of Revenue
Rulings and Regulations Bureau
100 Cambridge Street, 7th floor
Boston, Massachusetts 02114
FAX: (617) 626-3290
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