State and Local Tax Alert - September 2014
On August 13, 2014, Massachusetts Governor Deval Patrick signed into law House Bill No. 4377, 188th Gen. Court (Mass. 2014), entitled "An Act Promoting Economic Growth across the Commonwealth" ("H.B. 4377"), that revises the calculation of the corporate net income tax regular research credit and provides an elective alternative simplified approach to calculating the same credit.