ADMINISTRATION OF THE GOVERNMENT (Chapters 1 through 182)
TAXATION OF CORPORATIONS
Economic opportunity areas; tax deduction for renovation of abandoned buildings
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 ten percent of the cost of renovating any abandoned building located within an economic opportunity area as determined by the economic assistance coordinating council established by section three B of chapter twenty-three A.