Section 5C. An unincorporated association within the definition of and electing to be treated as a homeowners' association under section 528(c) of the Code for a taxable year shall be subject to tax under this chapter on its income as a resident individual for the taxable year. Its gross income shall be calculated under subsection (a) of section 2, and its taxable income shall be defined as in section 528(d)(1), (3) of the Code, to the extent consistent with the laws of the commonwealth. No such association shall be allowed the deductions or exemptions under section 3. The modifications under section 528(d)(2) of the Code shall not apply in determining taxable income for purposes of this chapter.
Structure Massachusetts General Laws
Part I - Administration of the Government
Chapter 62 - Taxation of Incomes
Section 2 - Gross Income, Adjusted Gross Income and Taxable Income Defined; Classes
Section 3 - Taxable Income: Adjusted Gross Income Less Deductions and Exemptions
Section 4 - Rates of Tax for Residents, Non-Residents and Corporate Trusts
Section 5 - Exempt Income of Individuals; Exemption of Stock Bonus, Pension or Profit-Sharing Trust
Section 5a - Taxation of Income Earned by Non-Residents; Regulations; Certain Military Personnel
Section 5c - Taxation of Unincorporated Homeowners' Association
Section 61/2 - Medical Device Company Tax Credit; Credit Transfer Program
Section 6c - Massachusetts State Election Campaign Fund; Voluntary Contributions
Section 6d - Natural Heritage and Endangered Species Fund; Contributions
Section 6e - Organ Transplant Fund; Voluntary Contributions
Section 6f - Gross Income; Determination of Capital Gains; Basis of Property
Section 6h - Massachusetts United States Olympic Fund; Voluntary Contributions
Section 6i - Low-Income Housing Tax Credit
Section 6j - Massachusetts Historic Rehabilitation Tax Credit
Section 6k - Refunds and Contributions Credited to Massachusetts Military Family Relief Fund
Section 6m - Contribution of Refund to Homeless Animal Prevention and Care Fund; Annual Report
Section 9 - Estates of Deceased Persons
Section 10 - Income From Trust Estates; Deductions
Section 10a - Qualified Funeral Trusts
Section 11 - Income Received From Nonresident Trustee
Section 13 - Application of Sections to All Fiduciaries
Section 14 - Applicability to Corporate Trustees
Section 15 - Duties of Corporate Trustees
Section 16 - Agreement as to Total Tax Due From Trustees
Section 17a - Taxation of Shareholders of S Corporations
Section 25 - Individuals, Fiduciaries and Estates Subject to Tax
Section 42 - Liability of Fiduciaries
Section 62 - Methods of Accounting; Fiscal Years
Section 63 - Installment Transactions
Section 64 - Optional Tax Table
Section 6.5 - Medical Device Company Tax Credit; Credit Transfer Program