Massachusetts General Laws
Chapter 63d - Taxation of Pass-Through Entities
Section 7 - Regulation and Guidance

[ Text of section added by 2021, 69, Sec. 1 effective September 30, 2021 for tax years beginning on or after January 1, 2021. See. 2021, 69, Sec. 2.]
  Section 7. The commissioner shall promulgate regulations or other guidance to carry out the purposes of this chapter. Such regulations or other guidance may: (i) make the credit available to qualified members with income from eligible pass-through entities that in turn have income from other eligible pass-through entities; (ii) provide rules on the application of this chapter to eligible trusts and estates; and (iii) require estimated payments of the excise by electing eligible pass-through entities and their qualified members in a manner consistent with chapter 62B.

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Structure Massachusetts General Laws

Massachusetts General Laws

Part I - Administration of the Government

Title IX - Taxation

Chapter 63d - Taxation of Pass-Through Entities

Section 1 - Definitions

Section 2 - Refundable Credit for Eligible Pass-Through Entity

Section 3 - Application of Chapter 63d

Section 4 - Timing of Payment of Excise Tax

Section 5 - Collection and Administration of Excise Tax

Section 6 - Elections

Section 7 - Regulation and Guidance