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December 06, 2025 Clouds | 28°F
The 194th General Court of the Commonwealth of Massachusetts
  1. General Laws
  2. Part I ADMINISTRATION OF THE GOVERNMENT
  3. Title IX TAXATION
  4. Chapter 63B DECLARATION OF ESTIMATED TAX BY CORPORATIONS
  5. Section 5 Credit against taxes

Section 5

Section 5: Credit against taxes

Section 5. All payments of the estimated tax, or any installment thereof, for any taxable year shall be allowed as a credit to the corporation against the tax imposed upon such corporation for such taxable year under the provisions of chapter sixty-three or any act in lieu thereof, and under any act in addition thereto.