Tax & Sports Update

Proposed Massachusetts Tax Changes: I'll Wait to See the Movie

Posted by Joseph B. Darby III on Feb 4, 2016 11:24:47 AM

Governor Charlie Baker wants to give the Massachusetts corporate income tax a makeover of Lady Gaga-like proportions:  Baker wants to extend the “single sales factor" apportionment regime, which currently applies only to manufacturers and mutual fund service corporations, so that it applies to all Massachusetts corporations. This would be a major boost to a variety of local companies, notably big retailers such as TJX and Staples.

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Topics: MA film credit, Tax, corporate income tax, state and local tax

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The Tax & Sports Update provides timely updates and cutting-edge commentary on all issues affecting U.S. taxation, and, of course, an always humorous take on sports!

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