Print Print
  • PART I ADMINISTRATION OF THE GOVERNMENT
  • TITLE IX TAXATION
  • CHAPTER 63 TAXATION OF CORPORATIONS
  • Section 38O 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.