Date: | 04/02/2010 |
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Organization: | Massachusetts Department of Revenue |
Regulatory Authority: | Massachusetts General Laws |
Official Version: | Published by the Massachusetts Register |
MASSACHUSETTS DEPARTMENT OF REVENUE REGULATION FACT SHEET
Date: | 04/02/2010 |
---|---|
Organization: | Massachusetts Department of Revenue |
Regulatory Authority: | Massachusetts General Laws |
Official Version: | Published by the Massachusetts Register |
MASSACHUSETTS DEPARTMENT OF REVENUE REGULATION FACT SHEET
Under M.G.L. c. 62B, § 2, the Commissioner is authorized to require persons other than employers to deduct and withhold taxes from payments other than wages in order to protect the revenue of the commonwealth. This regulation establishes and explains the requirements of a motion picture production company ("production company") to withhold Massachusetts income tax on payments to personnel such as artists, crew, actors, directors and producers, regardless of whether such payments are made to a "loan-out" or an independent contractor. A loan-out is a personal service corporation or other entity contracted with and retained by the production company to provide individual personnel for the performance of services used directly in the production. This regulation:
To improve compliance with Massachusetts tax laws by recipients of Massachusetts source income from production companies.
The regulation is effective for payments to independent contractors and loan-outs made on or after February 18, 2010.
New regulation promulgated April 2, 2010.
Massachusetts Department of Revenue
Rulings and Regulations Bureau
100 Cambridge Street, 7 th Floor
Boston, Massachusetts 02114
(617) 626-3250
FAX: (617) 626-3290