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.
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