§ 1 Definitions
§ 2 Refundable credit for eligible pass-through entity
§ 3 Application of chapter 63D
§ 4 Timing of payment of excise tax
§ 5 Collection and administration of excise tax
§ 6 Elections
§ 7 Regulation and guidance

Terms Used In Massachusetts General Laws > Chapter 63D - Taxation of Pass-Through Entities

  • Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
  • Partnership: A voluntary contract between two or more persons to pool some or all of their assets into a business, with the agreement that there will be a proportional sharing of profits and losses.