Instructions For Massachusetts Urban Redevelopment Excise Return Form 121a

Registration Information

Line 7

The rate is the fiscal year 2017 local tax rate. This rate covers the

For any questions about your project’s registration information please

period beginning July 1, 2016 and ending June 30, 2017. Please

contact the assessing department of your project’s city or town or

contact your project’s city or town’s assessing department to obtain

contact the Department at (617) 887-5101 or (617) 887-6710. If your

their FY2017 local tax rate.

project encompasses several properties, only one property address

is necessary. Taxpayers submitting final returns should contact the

Line 9

Department regarding their filing requirements.

Any corporation that wishes to contribute to the Natural Heritage and

Endangered Species Fund may do so on this form. This amount is

The name provided in Item 5 should contain the name, title and

added to the excise due. The Natural Heritage and Endangered

contact information (if different from the registration address) of the

Species Fund is administered by the Department of Fisheries, Wild -

person the Department should contact with any questions regarding

life and Environmental Law Enforcement.

the financial data associated with the project.

Item 7 refers to Section 8 or similar government subsidized rent

payment programs. Projects approved prior to March 22, 1976 must

include these payments in their line 1a Gross income figure in the

section Computation of Excise.

Amended Return

If you need to change a line item on your return, complete a new re-

turn with the corrected information and fill in the “Amended Return”

oval. Generally, an amended return must be filed within three years of

the date that your original return was filed. By filling in the amended

return oval, you are giving your consent for the Commissioner of Rev-

enue to act upon your amended return after six months from the date

of filing. If you choose not to consent, you must do so in writing and

attach it to this amended return. If you do not consent, any requested

reduction in tax will be deemed denied at the expiration of six months

from the date of filing. If this is an amended Massachusetts return

and it does not report changes that result from the filing of a federal

amended return or from a federal audit (for example, if the amended

Massachusetts return is reporting only a change in the apportionment

calculation or an additional tax credit), check only the “amended re-

turn” box. If this is an amended return that includes changes you

have reported on an amended federal return filed with the IRS for the

same tax year, check both the “amended return” box and the “federal

amendment” box. If the amended Massachusetts return incorporates

changes that are the result of an IRS audit, check both the “amended

return” box and the “federal audit” box; attach a complete copy of the

federal audit report and supporting schedules. If you are disputing an

assessment resulting from an audit, or are requesting an abatement

of penalties, do not file an amended return. Rather, you must file a

Form ABT, Application for Abatement. Visit mass.gov/dor/amend for

additional information about filing an amended return, or filing an

application for abatement.

Computation of Excise Line Item

Guidance

Line 1a

Line 1a ought to include all payments described within MGL Chapter

121A, section 10, as amended. For projects using alternate gross in-

come calculation methods (e.g. square footage) please include the

pertinent pages of your project’s agreement. For additional guidance,

contact the Department.

Line 4

Line 4 refers to the three years valuation prior to the project becom-

ing a 121A. City of Boston projects should use the figure provided

on your fair cash value letter.

Instructions For Massachusetts Urban Redevelopment Excise Return Form 121a - 2016 Page 3

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