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.