ARTICLE · 24 OCTOBER 2013

Massachusetts Tax Developments: A Reed Smith Quarterly Update (3rd Quarter 2013)

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Welcome to the Reed Smith Massachusetts State Tax Quarterly Update for the 3rd Quarter of 2013.

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Welcome to the Reed Smith Massachusetts State Tax Quarterly Update for the 3rd Quarter of 2013. This update includes coverage of the repeal of the short-lived software services tax and pending litigation on other software-related services, as well as a number of corporate excise tax developments, including: (1) newly enacted apportionment legislation, which imposes market sourcing for many types of receipts and institutes a throwout rule; (2) the Department's attempt to narrow the application of the operational approach to cost of performance sourcing; and (3) pending cases at the Appellate Tax Board involving transfer pricing, embedded royalties, and interest/royalty add-back.

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