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ARTICLE · 10 MARCH 2015

Massachusetts Tax Developments - 6 March 2015

Reed Smith
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In this update, we'll look at the most recent developments in Massachusetts corporate tax, sales and use tax, and tax administration; and discuss some hot topics for 2015.

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Michael Jacobs
Michael Jacobs
Robert Weyman
Robert Weyman
Brent Beissel
Brent Beissel
Gordon Yu
Gordon Yu
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Welcome to the latest Reed Smith Massachusetts State Tax Quarterly Update. In this update, we'll look at the most recent developments in Massachusetts corporate tax, sales and use tax, and tax administration; and discuss some hot topics for 2015.

Corporate Tax

Market sourcing takes shape: Department of Revenue releases final market sourcing regulations On January 2, 2015, the Department of Revenue ("Department") released final revised apportionment regulations implementing Massachusetts' new market sourcing and throwout rules that apply to sales, other than sales of tangible personal property.1 The regulations are effective for tax years beginning on or after January 1, 2014. The final regulations closely resemble the working draft issued by the Department for practitioner comment last spring, and the proposed regulations issued October 30, 2014. The Department also reissued or revised six special industry apportionment regulations.

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