Regulation  830 CMR 63.31.1: Reg Fact Sheet

Date:	06/16/2006
Organization:	Massachusetts Department of Revenue
Regulatory Authority:	Massachusetts General Laws
Official Version:	Published by the Massachusetts Register

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

[phone]

FAX: [phone]