increase the dollar threshold at which a gaming establishment governed by G.L.adopt new income tax withholding and reporting requirements for certain gambling income and.23K or a 'racing meeting licensee or simulcasting licensee' , for purposes of calculating Part B taxable income under the Massachusetts personal income tax laws, but only to the extent of winnings from such establishments
This Technical Information Release (TIR) explains changes to the personal income tax calculation, income tax withholding, and income reporting rules with respect to wagering income that are contained in Chapter 10 of the Acts of 2015 (the 2015 Act).
