§ 1

[Text of section effective for tax years beginning on or after January 1, 2021. See 2021, 69, Sec. 2.]\nSection 1. As used in this chapter, the following words shall, unless the context clearly requires otherwise, have the following meanings:\n''Code'', the Internal Revenue Code of the United States as defined in section 1 of chapter 62.\n''Commissioner'', the commissioner of revenue.\n''Eligible pass-through entity'', an S corporation under section 1361 of the Code, a partnership under section 7701 of the Code or a limited liability company that is treated as an S corporation or partnership under said section 1361 of the Code or said section 7701 of the Code.\n''Qualified income taxable in Massachusetts'', the income of an eligible pass-through entity determined under chapter 62 allocable to a qualified member and included in the qualified member's Massachusetts taxable income under said chapter 62.\n''Qualified member'', a shareholder of an S corporation or a partner in a partnership, including a member of a limited liability company that is treated as an S corporation or partnership under section 1361 of the Code or section 7701 of the Code, that is a natural person or trust or

, including a member of a limited liability company that is treated as an S corporation or partnership under section 1361 of the Code or section 7701 of the Code, that is a natural person or trust or estate subject to tax under section 10 of chapter 62; provided, however, that a qualified member may be a resident, nonresident or a part-year resident.