Chapter 63 of the General Laws, as most recently amended by chapter 224 of the Acts of 2014, is hereby amended by inserting after section 38FF the following new section:-
Section 38GG. (a) A business corporation shall be allowed a credit against its tax liability imposed under this chapter equal to not more than the first $500,000 of revenue earned by said corporation during the taxable year for which the tax is due.
(b) The credit allowed by this section shall not reduce the excise to an amount less than the amount due under subsection (b) of section 39.
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