Regulation  830 CMR 63.31N.1: Reg Fact Sheet

Date:	05/09/2014
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 63.31N.1:  Massachusetts Property Basis Adjustments

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.

REGULATORY HISTORY

Regulation promulgated:  5/9/14

PREPARED BY

Massachusetts Department of Revenue
Rulings and Regulations Bureau
100 Cambridge Street, 7^th floor
Boston, Massachusetts  02114
[phone]
FAX:  [phone]