HOUSE DOCKET, NO. 1646        FILED ON: 1/13/2009

HOUSE  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  No. 2746

The Commonwealth of Massachusetts

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In the Year Two Thousand Nine

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An Act relative to the taxation of certain corporations..

 Be it enacted by the Senate and House of Representatives in General Court assembled, and by the authority of the same, as follows:
 

 Section 32 of Chapter 63 of the General Laws, as appearing in the

 1994 Official Edition, is hereby amended by adding after the first

 sentence the following:—

 Provided however, for the purposes of this section, a newly

 formed domestic corporation that is otherwise eligible to pay the

 excise provided in subsection (b) shall be exempt from the minimum

 payment of such excise tax for the first three taxable years of operation

 of said domestic corporation, should that corporation qualify.