Skip to Content

General Laws

Click to PrintPrint Page

Section 1Definitions
Section 2Financial institutions; excise rate
Section 2AFinancial institutions; determination of net income
Section 2BS corporations; excise rate; determining factors of amount
Section 3, 4Repealed, 1976, 415, Sec. 102
Section 5, 6Repealed, 1934, 323, Sec. 1
Section 7Effect of assessment on other levies
Section 8 to 10BRepealed, 1925, 343, Sec. 1
Section 11Repealed, 1984, 485, Sec. 3
Section 12Repealed, 1966, 14, Sec. 12
Section 13Repealed, 1976, 415, Sec. 102
Section 14Repealed, 1931, 426, Sec. 6
Section 15Repealed, 1984, 485, Sec. 4
Section 16Repealed, 1984, 485, Sec. 5
Section 17Repealed, 1984, 485, Sec. 6
Section 18Repealed, 1990, 499, Sec. 11
Section 18ARepealed, 1976, 415, Sec. 102
Section 19Repealed, 1966, 14, Sec. 15
Section 20Premiums subject to taxation; rate
Section 21Additional tax on foreign companies
Section 22Domestic companies other than life; premiums subject to taxation; rate
Section 22ADomestic companies; annual total gross investment income earned tax
Section 22BInvestment privilege excise; net investment income
Section 22CCredit against investment privilege excise
Section 22DGains, determination for investment privilege excise purposes; definitions
Section 23Foreign companies; premiums subject to taxation; rate
Section 24Deductions
Section 24ARetaliatory taxes; applicability and reciprocal exemption; definition
Section 25Repealed, 1976, 415, Sec. 102
Section 26Examination of records
Section 27Repealed, 1976, 415, Sec. 102
Section 28Payment; time; basis for liability
Section 29Liability for taxes
Section 29AFire and marine companies; tax on underwriting profit; computation
Section 29BTaxation of reciprocal or inter-insurance exchange agents
Section 29CLife insurance companies; credits against taxes imposed by Secs. 20 and 22
Section 29DProperty and casualty insurance companies; taxes on premiums; credits against taxes imposed by Secs. 22 and 23
Section 29EDefinitions; property and casualty insurance companies; retaliatory taxes; credits against taxes imposed by Sec. 22
Section 30Definitions; value of tangible property; net worth
Section 30ARepealed, 1966, 698, Sec. 52
Section 31Repealed, 1962, 756, Sec. 4
Section 31AInvestment credit for certain corporations; limitations
Section 31BRepealed, 2008, 173, Sec. 44
Section 31CCredit for certain corporations; increase in number of full-time employees
Section 31DDefinitions applicable to Secs. 31D to 31F
Section 31ECredit for company shuttle van purchase or lease expenses
Section 31FVanpool vehicle registration; fee
Section 31GExpired. See 1988, 236, Sec. 43
Section 31HDefinitions; state low-income housing tax credit; eligibility; allocation; recapture
Section 31ITransactions with related members; adding back of certain deductions
Section 31JDeductible interest; interest paid to related member; taxpayer’s burden to show disallowance of deduction unreasonable
Section 31KDeductible interest; adjustments; applicability
Section 31LMedical device company tax credit; credit transfer program
Section 31MDefinitions; life sciences tax credit
Section 31NDetermination of gross income; adjustment to federal gross income
Section 32Repealed, 2008, 173, Sec. 47
Section 32ARepealed, 1960, 548, Sec. 5
Section 32BCombined reporting; corporations subject to combination; apportionment of income; joint and several liability; regulations; affiliated group election
Section 32CMaximum amount of credits; carryover
Section 32DS corporations; net income measure
Section 32EApplication and refund of credits earned under Sec. 38X; substantiation of claims; regulations
Section 33Repealed, 2008, 173, Sec. 55
Section 34Repealed, 1960, 548, Sec. 6
Section 34ARepealed, 1924, 26, Sec. 1
Section 35, 36Repealed, 1976, 415, Sec. 102
Section 37Repealed, 1966, 698, Sec. 57
Section 38Determination of net income derived from business carried on within commonwealth
Section 38ATaxable net income
Section 38BFinancial institutions and business corporations engaged exclusively in buying, selling, dealing in or holding securities; excise rate
Section 38CRepealed, 2008, 173, Sec. 66
Section 38DDeduction of expenditures for industrial waste treatment or air pollution control facilities
Section 38EEligible business facility; excise credit
Section 38FDeduction from net income for compensation paid to individuals employed by eligible business facility domiciled in present or former eligible section of substantial poverty
Section 38GReporting wholly-owned DISC income
Section 38HAlternative energy sources; deduction
Section 38IWages deemed compensation paid in commonwealth; deduction; election
Section 38JQualified research contribution deduction
Section 38KRepealed, 1985, 188, Sec. 10A
Section 38LNatural Heritage and Endangered Species Fund; contributions
Section 38MCredit against amount of excise due; research expenses
Section 38NEconomic development incentive program; tax credit for certified projects
Section 38OEconomic opportunity areas; tax deduction for renovation of abandoned buildings
Section 38PHarbor maintenance taxes; credit
Section 38QEnvironmental response actions; credit
Section 38RMassachusetts historic rehabilitation tax credit
Section 38SAutomatic sprinkler system; depreciation deduction
Section 38TRepealed, 2008, 173, Secs. 82 and 83
Section 38UCredit for cost of qualifying property; life sciences
Section 38VDeductions for qualifying clinical testing expenses; certified life sciences company
Section 38WCredit for qualified research expenses; life sciences
Section 38XCredit against taxes imposed on persons filming motion picture for employment of persons within commonwealth in connection with filming or production
Section 38YUnrelated business taxable income for certain exempt corporations
Section 38ZDairy farm tax credit program
Section 38AACredit against taxes imposed for qualified donation of certified land to public or private conservation agency
Section 38BBCredit against taxes imposed for a certified housing development project
Section 38CCLife Sciences refundable jobs credit
Section 38DDCredit against excise tax imposed under Secs. 2(b), 2B(b) or 39(b)
Section 38EECommunity investment tax credit
Section 38FFWellness program tax credit
Section 39Tax rate
Section 39ATax on foreign subsidiary corporation
Section 39BRepealed, 1924, 26, Sec. 1
Section 39CRepealed, 1960, 548, Sec. 8
Section 40Repealed, 1976, 415, Sec. 102
Section 41Repealed, 1966, 698, Sec. 63
Section 42Alternative method of determining net income
Section 42ATaxable net income
Section 42BManufacturing and research and development corporations
Section 42CRepealed, 1966, 698, Sec. 66
Section 43Repealed, 1945, 735, Sec. 3
Section 44 to 46Repealed, 1976, 415, Sec. 102
Section 47Repealed, 1953, 654, Sec. 60
Section 48 to 51Repealed, 1976, 415, Sec. 102
Section 52Unconstitutionality of excise tax law; effect; revival of former act
Section 52ADefinitions; rate and payment of tax; limitation; disposition of revenue
Section 53Repealed, 1976, 415, Sec. 102
Section 54Repealed, 1951, 641, Sec. 2
Section 55Valuation
Section 56Repealed, 1925, 343, Sec. 4
Section 56ARepealed, 1966, 698, Sec. 69
Section 57Repealed, 1928, 13, Sec. 2
Section 58Tax rate
Section 58ARepealed, 1925, 343, Sec. 6
Section 59Assessment of additional taxes
Section 60Repealed, 1976, 415, Sec. 102
Section 61 to 66Repealed, 1928, 138
Section 67Assessment; rate; return; deductions
Section 68Effect on other taxes
Section 68AConflict between local and state valuations; remedy
Section 68BRepealed, 1976, 415, Sec. 102
Section 68CExemption from excise under Sec. 39 for certain business corporations
Section 69Inspection of records; examination of officers
Section 70 to 76ARepealed, 1976, 415, Sec. 102
Section 77, 78Repealed, 1930, 416, Sec. 2
Section 79Penalty for failure to make return for corporate franchise tax
Section 80Collection of penalties
Section 81Local taxation, defined