SENATE DOCKET, NO. 1192 FILED ON: 1/20/2011 SENATE . . . . . . . . . . . . . . No. 1543 The Commonwealth of Massachusetts _________________ PRESENTED BY: Bruce E. Tarr _______________ To the Honorable Senate and House of Representatives of the Commonwealth of Massachusetts in General
Court assembled: The undersigned legislators and/or citizens respectfully petition for the passage of the accompanying: An Act amending the dividend received deduction. _______________ PETITION OF: Name: | District/Address: | Bruce E. Tarr |
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SENATE DOCKET, NO. 1192 FILED ON: 1/20/2011 SENATE . . . . . . . . . . . . . . No. 1543 By Mr. Tarr, a petition (accompanied by bill, Senate, No. 1543) of Bruce E. Tarr for legislation to amend the dividend recieved deduction. Revenue. |
The Commonwealth of Massachusetts
An Act amending the dividend received deduction.
Be it enacted by the Senate and House of Representatives in General Court assembled, and by the authority of the same, as follows:
SECTION 1. Paragraph (a) of section 32B of chapter 63 of the General Laws, as appearing in the 2008 Official Edition, is hereby amended by adding the following sentence:- With respect to the elimination of dividends, dividends paid among affiliates shall be eliminated irrespective of whether the dividends were paid from earnings and profits generated during tax years in which the affiliates filed on a separate entity or combined basis for Massachusetts purposes. |
