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The 189th General Court of the Commonwealth of Massachusetts

Section 38O: Economic target areas; tax deduction for renovation of abandoned buildings

[ Text of section effective until August 10, 2016. For text effective August 10, 2016, see below.]

  Section 38O. A corporation whose excise under this chapter is based on net income may, in determining such net income, deduct an amount equal to 10 per cent of the cost of renovating an abandoned building that is either located within an economic target area as defined by section 3A of chapter 23A, or part of a certified project as defined by section 3A of chapter 23A.

Chapter 63: Section 38O. Economic target areas; tax deduction for renovation of abandoned buildings

[ Text of section as amended by 2016, 219, Sec. 86 effective August 10, 2016 for tax years beginning on or after January 1, 2017. See 2016, 219, Sec. 139. For text effective until August 10, 2016, see above.]

  Section 38O. A corporation whose excise under this chapter is based on net income may, in determining such net income, deduct an amount equal to 10 per cent of the cost of renovating an abandoned building that is either located within an economic target area designated under section 3G of chapter 23A, or part of a certified project designated under section 3A of chapter 23A.