Massachusetts delays FAS 109 deduction - Again

July 2012

Overview

With the enactment of the Massachusetts budget (H.B. 4200), the state once again delays the FAS 109 deduction allowed to corporations as a result of the state's shift to a combined reporting system in 2009. The FAS 109 deduction will take effect for tax years beginning in 2014.

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Peter Michalowski
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