SECTION 1. Section 32B of chapter 63 of the general laws, as so appearing in the 2014 edition, is hereby amended by striking out the third paragraph of subsection (c), as appearing in the 2014 Official Edition, and inserting in place thereof the following paragraph:-
(3) The members of a combined group subject to tax under this chapter shall determine their apportioned share of the taxable net income or loss of the combined group pursuant to a worldwide election under which each taxpayer member, wherever located, shall take into account the income and apportionment factors of all the members includible in the combined group.
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