Mass. Gen. Laws ch. 68A § 5
Current through Chapter 223 of the 2024 Legislative Session
Each corporation which is a "private foundation" as defined in section 509 of said Code shall distribute, for the purposes specified in its articles of organization, for each taxable year, amounts at least sufficient to avoid liability for the tax imposed by section 4942(a) of said Code.
Mass. Gen. Laws ch. 68A, § 5