830 CMR 62.17A.2 — Reg Fact Sheet

Regulation

830 CMR 62.17A.2 Reg Fact Sheet

62.17A.2 Reg Fact Sheet

830 CMR 62.17A.2: Reg Fact Sheet

MASSACHUSETTS DEPARTMENT OF REVENUE REGULATION FACT SHEET

SUMMARY OF REGULATION

This regulation sets forth the rules that apply to S corporations under the personal income tax provisions of M.G.L. c. 62, and those that apply under the corporate excise provisions of M.G.L. c. 63.  It includes Massachusetts law based upon statutory changes and changes in other legal authority since the effective date of the predecessor regulation, 830 CMR 62.17A.1, which was promulgated July 6, 1990. This regulation, 830 CMR 62.17A.2, has been issued pursuant to the commissioner's authority under M.G.L. c. 63, § 38(j).

 

SMALL BUSINESS IMPACT REVIEW REQUIRED BY St. 2010, c. 240, § 167

The regulation has been reviewed for its economic impact on small businesses as required by St. 2010, c. 240, § 167.  The following criteria have been considered:  (1) the continuing need for this regulation; (2) the nature of complaints and comments about this regulation received by the Department from the public; (3) the complexity of the regulation; (4) the extent to which this regulation overlaps, duplicates, or conflicts with other federal, state and local government regulations; (5) the length of time since the regulation was enacted and/or amended; and (6) the degree to which technology, economic conditions or other factors have changed the subject areas affected by this regulation.  As a result of this review, DOR recommended that the regulation, as revised, remain in effect.

Additional information

DATE: 11/22/13

PREPARED BY:

Massachusetts Department of Revenue

Rulings and Regulations Bureau

100 Cambridge Street, 7th floor

Boston, Massachusetts  02114

(617) 626-3250

FAX:  (617) 626-3290