Allows Massachusetts taxpayers to deduct business interest under specific conditions.

This bill amends Massachusetts tax law to allow for the deduction of business interest. It modifies the Internal Revenue Code definitions to exclude certain sections for determining business interest deductions. The changes apply to taxable years beginning after December 31, 2017.

Allows Massachusetts taxpayers to deduct business interest under specific conditions.

This bill amends Massachusetts tax law to allow for the deduction of business interest. It modifies the Internal Revenue Code definitions to exclude certain sections for determining business interest deductions. The changes apply to taxable years beginning after December 31, 2017.