Print Print
  • PART I ADMINISTRATION OF THE GOVERNMENT
  • TITLE IX TAXATION
  • CHAPTER 63 TAXATION OF CORPORATIONS

Section 1 - Definitions

Section 2 - Financial institutions; excise rate

Section 2A - Financial institutions; determination of net income

Section 2B - S corporations; excise rate; determining factors of amount

Section 3, 4 - Repealed, 1976, 415, Sec. 102

Section 5, 6 - Repealed, 1934, 323, Sec. 1

Section 7 - Effect of assessment on other levies

Section 8 to 10B - Repealed, 1925, 343, Sec. 1

Section 11 - Repealed, 1984, 485, Sec. 3

Section 12 - Repealed, 1966, 14, Sec. 12

Section 13 - Repealed, 1976, 415, Sec. 102

Section 14 - Repealed, 1931, 426, Sec. 6

Section 15 - Repealed, 1984, 485, Sec. 4

Section 16 - Repealed, 1984, 485, Sec. 5

Section 17 - Repealed, 1984, 485, Sec. 6

Section 18 - Repealed, 1990, 499, Sec. 11

Section 18A - Repealed, 1976, 415, Sec. 102

Section 19 - Repealed, 1966, 14, Sec. 15

Section 20 - Premiums subject to taxation; rate

Section 21 - Additional tax on foreign companies

Section 22 - Domestic companies other than life; premiums subject to taxation; rate

Section 22A - Domestic companies; annual total gross investment income earned tax

Section 22B - Investment privilege excise; net investment income

Section 22C - Credit against investment privilege excise

Section 22D - Gains, determination for investment privilege excise purposes; definitions

Section 23 - Foreign companies; premiums subject to taxation; rate

Section 24 - Deductions

Section 24A - Retaliatory taxes; applicability and reciprocal exemption; definition

Section 25 - Repealed, 1976, 415, Sec. 102

Section 26 - Examination of records

Section 27 - Repealed, 1976, 415, Sec. 102

Section 28 - Payment; time; basis for liability

Section 29 - Liability for taxes

Section 29A - Fire and marine companies; tax on underwriting profit; computation

Section 29B - Taxation of reciprocal or inter-insurance exchange agents

Section 29C - Life insurance companies; credits against taxes imposed by Secs. 20 and 22

Section 29D - Property and casualty insurance companies; taxes on premiums; credits against taxes imposed by Secs. 22 and 23

Section 29E - Definitions; property and casualty insurance companies; retaliatory taxes; credits against taxes imposed by Sec. 22

Section 30 - Definitions; value of tangible property; net worth

Section 30A - Repealed, 1966, 698, Sec. 52

Section 31 - Repealed, 1962, 756, Sec. 4

Section 31A - Investment credit for certain corporations; limitations

Section 31B - Repealed, 2008, 173, Sec. 44

Section 31C - Credit for certain corporations; increase in number of full-time employees

Section 31D - Definitions applicable to Secs. 31D to 31F

Section 31E - Credit for company shuttle van purchase or lease expenses

Section 31F - Vanpool vehicle registration; fee

Section 31G - Expired. See 1988, 236, Sec. 43

Section 31H - Definitions; state low-income housing tax credit; eligibility; allocation; recapture

Section 31I - Transactions with related members; adding back of certain deductions

Section 31J - Deductible interest; interest paid to related member; taxpayer’s burden to show disallowance of deduction unreasonable

Section 31K - Deductible interest; adjustments; applicability

Section 31L - Medical device company tax credit; credit transfer program

Section 31M - Life sciences tax credit

Section 31N - Determination of gross income; adjustment to federal gross income

Section 32 - Repealed, 2008, 173, Sec. 47

Section 32A - Repealed, 1960, 548, Sec. 5

Section 32B - Combined reporting; corporations subject to combination; apportionment of income; joint and several liability; regulations; affiliated group election

Section 32C - Maximum amount of credits; carryover

Section 32D - S corporations; net income measure

Section 32E - Application and refund of credits earned under Sec. 38X; substantiation of claims; regulations

Section 33 - Repealed, 2008, 173, Sec. 55

Section 34 - Repealed, 1960, 548, Sec. 6

Section 34A - Repealed, 1924, 26, Sec. 1

Section 35, 36 - Repealed, 1976, 415, Sec. 102

Section 37 - Repealed, 1966, 698, Sec. 57

Section 38 - Determination of net income derived from business carried on within commonwealth

Section 38A - Taxable net income

Section 38B - Financial institutions and business corporations engaged exclusively in buying, selling, dealing in or holding securities; excise rate

Section 38C - Repealed, 2008, 173, Sec. 66

Section 38D - Deduction of expenditures for industrial waste treatment or air pollution control facilities

Section 38E - Eligible business facility; excise credit

Section 38F - Deduction from net income for compensation paid to individuals employed by eligible business facility domiciled in present or former eligible section of substantial poverty

Section 38G - Reporting wholly-owned DISC income

Section 38H - Alternative energy sources; deduction

Section 38I - Wages deemed compensation paid in commonwealth; deduction; election

Section 38J - Qualified research contribution deduction

Section 38K - Repealed, 1985, 188, Sec. 10A

Section 38L - Natural Heritage and Endangered Species Fund; contributions

Section 38M - Credit against amount of excise due; research expenses

Section 38N - Economic development incentive program; tax credit for certified projects

Section 38O - Economic opportunity areas; tax deduction for renovation of abandoned buildings

Section 38P - Harbor maintenance taxes; credit

Section 38Q - Environmental response actions; credit

Section 38R - Massachusetts historic rehabilitation tax credit

Section 38S - Automatic sprinkler system; depreciation deduction

Section 38T - Repealed, 2008, 173, Secs. 82 and 83

Section 38U - Credit for cost of qualifying property; life sciences

Section 38V - Deductions for qualifying clinical testing expenses; certified life sciences company

Section 38W - Credit for qualified research expenses; life sciences

Section 38X - Credit against taxes imposed on persons filming motion picture for employment of persons within commonwealth in connection with filming or production

Section 38Y - Unrelated business taxable income for certain exempt corporations

Section 38Z - Dairy farm tax credit program

Section 38AA - Credit against taxes imposed for qualified donation of certified land to public or private conservation agency

Section 38BB - Credit against taxes imposed for a certified housing development project

Section 38CC - Life Sciences refundable jobs credit

Section 38DD - Credit against excise tax imposed under Secs. 2(b), 2B(b) or 39(b)

Section 38EE - Community investment tax credit

Section 38FF - Wellness program tax credit

Section 39 - Tax rate

Section 39A - Tax on foreign subsidiary corporation

Section 39B - Repealed, 1924, 26, Sec. 1

Section 39C - Repealed, 1960, 548, Sec. 8

Section 40 - Repealed, 1976, 415, Sec. 102

Section 41 - Repealed, 1966, 698, Sec. 63

Section 42 - Alternative method of determining net income

Section 42A - Taxable net income

Section 42B - Manufacturing and research and development corporations

Section 42C - Repealed, 1966, 698, Sec. 66

Section 43 - Repealed, 1945, 735, Sec. 3

Section 44 to 46 - Repealed, 1976, 415, Sec. 102

Section 47 - Repealed, 1953, 654, Sec. 60

Section 48 to 51 - Repealed, 1976, 415, Sec. 102

Section 52 - Unconstitutionality of excise tax law; effect; revival of former act

Section 52A - Definitions; rate and payment of tax; limitation; disposition of revenue

Section 53 - Repealed, 1976, 415, Sec. 102

Section 54 - Repealed, 1951, 641, Sec. 2

Section 55 - Valuation

Section 56 - Repealed, 1925, 343, Sec. 4

Section 56A - Repealed, 1966, 698, Sec. 69

Section 57 - Repealed, 1928, 13, Sec. 2

Section 58 - Tax rate

Section 58A - Repealed, 1925, 343, Sec. 6

Section 59 - Assessment of additional taxes

Section 60 - Repealed, 1976, 415, Sec. 102

Section 61 to 66 - Repealed, 1928, 138

Section 67 - Assessment; rate; return; deductions

Section 68 - Effect on other taxes

Section 68A - Conflict between local and state valuations; remedy

Section 68B - Repealed, 1976, 415, Sec. 102

Section 68C - Exemption from excise under Sec. 39 for certain business corporations

Section 69 - Inspection of records; examination of officers

Section 70 to 71B - Repealed, 1976, 415, Sec. 102

Section 72 to 76A - Repealed, 1976, 415, Sec. 102

Section 77, 78 - Repealed, 1930, 416, Sec. 2

Section 79 - Penalty for failure to make return for corporate franchise tax

Section 80 - Collection of penalties

Section 81 - Local taxation, defined