|MASSACHUSETTS DEPARTMENT OF REVENUE REGULATION FACT SHEET|
|TITLE: 830 CMR 63.31.1: Add Back of Interest or Intangible Expense|
- This page, 830 CMR 63.31.1: Reg Fact Sheet, is offered by
- Massachusetts Department of Revenue
Regulation 830 CMR 63.31.1: Reg Fact Sheet
Table of Contents
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.
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