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combine the totals. Loans from one member of the unitary group to another (or as between combined

group members in the case where the group is subject to an affiliated group election) are to be eliminated

from the calculation. Loans and other financial institution property owned by members that are not

financial institutions are not included in this calculation.

Line 40. If the combined group whose income is being apportioned includes at least one member which is

not a financial institution, enter 20% of the amount shown in line 39. If the group is composed solely of

financial institutions, enter 100% of line 39.

Line 41. Enter the average total value of tangible property owned by all members of the combined group.

Line 42. Tangible property rented by each member is valued at eight times the annual net rental rate paid

less any sub-rentals received.

Lines 45 - 58. These lines total the members’ worldwide receipts from various sources applicable for

apportioning income of groups containing financial institutions. If the combined group includes at least

one financial institution, whether or not that member is a taxable member, all members of the group must

determine and include in their sales factor calculations their receipts from loans and other financial

instruments as defined in M.G.L. c. 63, § 2A(d).

Enter the total of all members’ receipts on the appropriate lines. If no member of the group is a financial

institution, enter zero on each line.

Line 59 - 62. These lines total the members’ worldwide receipts from sources applicable for apportioning

income from corporations generally.

Enter the member’s total receipts from the sale of tangible property, sales of services, rents and royalties

or from other sources, to the extent not already reported in lines 45 through 58, above.

Part 3: Total of Massachusetts Numerators

Each taxable member of the combined group is to separately report the elements of its numerators for

apportionment purposes on Schedule U-MSI, where the member’s share of group income apportioned to

Massachusetts is determined. Part 3 of Schedule U-E reports the total of each of those elements for all

taxable members of the group

If the group is submitting two or more Schedules U-E, the totals shown in this part for the schedule with

unitary business identifier “1” must match the totals shown on the corresponding line of all Schedules U-

MSI with unitary business identifier “1”.

Line 64. Enter the total of all members’ Schedules U-MSI, line 4.

Line 65. Enter the total of all members’ Schedules U-MSI, line 5.

Line 66. Enter the total of all members’ Schedules U-MSI, line 6.

Line 67. Enter the total of all members’ Schedules U-MSI, line 7.

Line 68. Enter the total of all members’ Schedules U-MSI, line 8.

Line 69. Enter the total of all members’ Schedules U-MSI, line 11.

Line 70. Enter the total of all members’ Schedules U-MSI, line 14.

Line 71. Enter the total of all members’ Schedules U-MSI, line 15.

Line 72. Enter the total of all members’ Schedules U-MSI, line 16.

Line 73. Enter the total of all members’ Schedules U-MSI, line 17.

Line 74. Enter the total of all members’ Schedules U-MSI, line 18.

Instructions For Schedule U-E - Massachusetts Unitary Or Affiliated Group Income - 2012 Page 6