830 CMR 63.38.10: Reg Fact Sheet

Date: 04/17/2018
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 63.38.10: Apportionment of Income of Electric Industry

Table of Contents

SUMMARY OF REGULATION

Regulation 830 CMR 63.38.10 provides special rules for calculating the sales factors of electric industry taxpayers. Different sourcing rules apply depending on what is being sold ( e.g., electricity, unforced capacity, or electricity brokerage, transmission, or distribution services), who the taxpayer/seller is ( e.g., generator, electricity broker, or electricity distribution company), and whether the sale is a retail or wholesale sale. This Regulation, in particular:
 

  • defines "sales" differently from the way that term is defined under the general sales factor formula in G.L. c. 63, § 38(f);
  • defines other relevant terms; and
  • provides electric industry taxpayers with sourcing rules that clearly and reasonably reflect income earned in Massachusetts.

REGULATORY HISTORY

Regulation promulgated 11/ 30/2007

PREPARED BY

Massachusetts Department of Revenue
Rulings and Regulations Bureau
100 Cambridge Street, 7 th floor
Boston, Massachusetts 02210
(617) 626-3250
FAX: (617) 626-3290

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