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Section 1 - Definitions - Section 1. When used in sections one to two A,...
Section 2 - Financial Institutions; Excise Rate - Section 2. (a) Except as provided in subsections (b) and...
Section 2a - Financial Institutions; Determination of Net Income - Section 2A. The commissioner shall determine the part of the...
Section 2b - S Corporations; Excise Rate; Determining Factors of Amount - Section 2B. (a) Any financial institution which is an S...
Section 7 - Effect of Assessment on Other Levies - Section 7. Any taxes assessed upon any bank under the...
Section 20 - Premiums Subject to Taxation; Rate - Section 20. Every life insurance company, as defined by section...
Section 21 - Additional Tax on Foreign Companies - Section 21. Every foreign life insurance company shall annually pay...
Section 22 - Domestic Companies Other Than Life; Premiums Subject to Taxation; Rate - Section 22. Every domestic insurance company coming within the scope...
Section 22a - Domestic Companies; Annual Total Gross Investment Income Earned Tax - Section 22A. Every domestic insurance company coming within the scope...
Section 22b - Investment Privilege Excise; Net Investment Income - Section 22B. (1) Every domestic life insurance company not subject...
Section 22c - Credit Against Investment Privilege Excise - Section 22C. A domestic life insurance company subject to the...
Section 22d - Gains, Determination for Investment Privilege Excise Purposes; Definitions - Section 22D. For the purposes of determining the amount of...
Section 23 - Foreign Companies; Premiums Subject to Taxation; Rate - Section 23. Every foreign insurance company coming within the scope...
Section 24 - Deductions - Section 24. In determining the amount of the tax payable...
Section 24a - Retaliatory Taxes; Applicability and Reciprocal Exemption; Definition - Section 24A. Section twenty-one and the provision of section twenty-three...
Section 26 - Examination of Records - Section 26. The books, papers and accounts of every insurance...
Section 28 - Payment; Time; Basis for Liability - Section 28. Every insurance company liable to taxation under sections...
Section 29 - Liability for Taxes - Section 29. Every domestic or foreign insurance company shall be...
Section 29a - Fire and Marine Companies; Tax on Underwriting Profit; Computation - Section 29A. (1) Every marine, or fire and marine, insurance...
Section 29b - Taxation of Reciprocal or Inter-Insurance Exchange Agents - Section 29B. Every attorney in fact of a reciprocal or...
Section 29c - Life Insurance Companies; Credits Against Taxes Imposed by Secs. 20 and 22 - [Text applicable as provided by 1998, 259, Sec. 10.] Section...
Section 29d - Property and Casualty Insurance Companies; Taxes on Premiums; Credits Against Taxes Imposed by Secs. 22 and 23 - [Text applicable as provided by 1998, 259, Sec. 10.] Section...
Section 29e - Definitions; Property and Casualty Insurance Companies; Retaliatory Taxes; Credits Against Taxes Imposed by Sec. 22 - [Text applicable as provided by 1998, 259, Sec. 10.] Section...
Section 30 - Definitions; Value of Tangible Property; Net Worth - Section 30. When used in this section and in sections...
Section 31a - Investment Credit for Certain Corporations; Limitations - Section 31A. (a) A manufacturing corporation, or a business corporation...
Section 31c - Credit for Certain Corporations; Increase in Number of Full-Time Employees - Section 31C. A manufacturing corporation, or a business corporation engaged...
Section 31d - Definitions Applicable to Secs. 31d to 31f - Section 31D. As used in sections thirty-one D to thirty-one...
Section 31e - Credit for Company Shuttle Van Purchase or Lease Expenses - Section 31E. (a) A business corporation shall be allowed a...
Section 31f - Vanpool Vehicle Registration; Fee - Section 31F. (a) Upon registration of a vanpool vehicle, registration...
Section 31h - Definitions; State Low-Income Housing Tax Credit; Eligibility; Allocation; Recapture - Section 31H. (a) For the purposes of this section, unless...
Section 31i - Transactions With Related Members; Adding Back of Certain Deductions - Section 31I. (a) As used in this section, the following...
Section 31j - Deductible Interest; Interest Paid to Related Member; Taxpayer's Burden to Show Disallowance of Deduction Unreasonable - Section 31J. (a) For purposes of computing its net income...
Section 31k - Deductible Interest; Adjustments; Applicability - Section 31K. The adjustments required in subsection (b) of section...
Section 31l - Medical Device Company Tax Credit; Credit Transfer Program - [ Text of section effective until September 30, 2021 for...
Section 31m - Life Sciences Tax Credit - [Text of section effective until December 31, 2028. Repealed by...
Section 31n - Determination of Gross Income; Adjustment to Federal Gross Income - Section 31N. In determining gross income under this chapter, if...
Section 32b - Combined Reporting; Corporations Subject to Combination; Apportionment of Income; Joint and Several Liability; Regulations; Affiliated Group Election - Section 32B. (a) Notwithstanding any other provision of this chapter,...
Section 32c - Maximum Amount of Credits; Carryover - Section 32C. Notwithstanding the provisions of sections thirty-one A and...
Section 32d - S Corporations; Net Income Measure - Section 32D. (a) Any business corporation subject to an excise...
Section 32e - Application and Refund of Credits Earned Under Sec. 38x; Substantiation of Claims; Regulations - Section 32E. (a) This section shall apply to credits earned...
Section 38 - Determination of Net Income Derived From Business Carried on Within Commonwealth - Section 38. The commissioner shall determine the part of the...
Section 38a - Taxable Net Income - Section 38A. The taxable net income of a business corporation...
Section 38b - Financial Institutions and Business Corporations Engaged Exclusively in Buying, Selling, Dealing in or Holding Securities; Excise Rate - Section 38B. (a) Every financial institution or business corporation which...
Section 38d - Deduction of Expenditures for Industrial Waste Treatment or Air Pollution Control Facilities - Section 38D. (a) In determining the net income subject to...
Section 38e - Eligible Business Facility; Excise Credit - Section 38E. (a) A business corporation operating an eligible business...
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 38F. In determining the net income subject to tax...
Section 38g - Reporting Wholly-Owned Disc Income - Section 38G. A business corporation subject to tax under this...
Section 38h - Alternative Energy Sources; Deduction - Section 38H. (a) In determining the net income subject to...
Section 38i - Wages Deemed Compensation Paid in Commonwealth; Deduction; Election - Section 38I. In determining the net income subject to tax...
Section 38j - Qualified Research Contribution Deduction - Section 38J. In determining the net income subject to tax...
Section 38l - Natural Heritage and Endangered Species Fund; Contributions - Section 38L. Every corporation that files a return may voluntarily...
Section 38m - Credit Against Amount of Excise Due; Research Expenses - Section 38M. (a)(1) A business corporation shall be allowed a...
Section 38n - Economic Development Incentive Program; Tax Credit for Certified Projects - Section 38N. (a)(l) As used in this section, ''Certified project'',...
Section 38o - Economic Target Areas; Tax Deduction for Renovation of Abandoned Buildings - [Text of section effective for tax years beginning after January...
Section 38p - Harbor Maintenance Taxes; Credit - [ Text of section effective until September 30, 2021 for...
Section 38q - Environmental Response Actions; Credit - Section 38Q. (a) A business corporation which commences and diligently...
Section 38r - Massachusetts Historic Rehabilitation Tax Credit - Section 38R. (a) For purposes of this section, the following...
Section 38s - Automatic Sprinkler System; Depreciation Deduction - Section 38S. (a) In determining the net income subject to...
Section 38u - Credit for Cost of Qualifying Property; Life Sciences - [Text of section effective until December 31, 2028. Repealed by...
Section 38v - Deductions for Qualifying Clinical Testing Expenses; Certified Life Sciences Company - [Text of section effective until December 31, 2028. Repealed by...
Section 38w - Credit for Qualified Research Expenses; Life Sciences - [Text of section effective until December 31, 2028. Repealed by...
Section 38x - Credit Against Taxes Imposed on Persons Filming Motion Picture for Employment of Persons Within Commonwealth in Connection With Filming or Production - Section 38X. (a) As used in this section the following...
Section 38y - Unrelated Business Taxable Income for Certain Exempt Corporations - Section 38Y. (a) Every business corporation which is exempt from...
Section 38z - Dairy Farm Tax Credit Program - Section 38Z. (a) There shall be established a dairy farm...
Section 38aa - Credit Against Taxes Imposed for Qualified Donation of Certified Land to Public or Private Conservation Agency - Section 38AA. (a) As used in this section, the following...
Section 38bb - Credit Against Taxes Imposed for a Certified Housing Development Project - Section 38BB. (1) A credit shall be allowed against the...
Section 38cc - Life Sciences Refundable Jobs Credit - Section 38CC. (a) A taxpayer, to the extent authorized by...
Section 38dd - Credit Against Excise Tax Imposed Under Secs. 2(b), 2b(b) or 39(b) - Section 38DD. (a) A corporation formed under chapter 156D and...
Section 38ee - Community Investment Tax Credit - [Text of section effective until December 31, 2025. Repealed by...
Section 38gg - Hiring of Qualified Veterans; Excise Tax Credit - Section 38GG. (a) A business corporation with not more than...
Section 38hh - Credit for Wages Paid to Qualified Apprentice - [Text of section effective for tax years beginning after January...
Section 38ii - Cranberry Production - [ Text of section added by 2021, 24 Sec. 37...
Section 38jj - Tax Credits for Qualified Employees With Disabilities - [ Text of section added by 2021, 24 Sec. 37...
Section 39 - Tax Rate - Section 39. Except as otherwise provided in this section, every...
Section 39a - Tax on Business Subsidiary Corporation - Section 39A. The net income of a business corporation which...
Section 42 - Alternative Method of Determining Net Income - Section 42. If the allocation and apportionment provisions of this...
Section 42a - Taxable Net Income - Section 42A. The taxable net income of a business corporation...
Section 42b - Manufacturing and Research and Development Corporations - Section 42B. (a) Every business corporation subject to taxation under...
Section 52 - Unconstitutionality of Excise Tax Law; Effect; Revival of Former Act - Section 52. If any of the provisions of this chapter...
Section 55 - Valuation - Section 55. The commissioner shall ascertain from the returns or...
Section 58 - Tax Rate - Section 58. Every corporation required to file a return under...
Section 59 - Assessment of Additional Taxes - Section 59. When the commissioner has received notice of an...
Section 67 - Assessment; Rate; Return; Deductions - Section 67. The commissioner shall annually assess as of the...
Section 68 - Effect on Other Taxes - Section 68. The taxes imposed by this chapter upon any...
Section 68a - Conflict Between Local and State Valuations; Remedy - Section 68A. If the value of the works, structures, real...
Section 68c - Exemption From Excise Under Sec. 39 for Certain Business Corporations - Section 68C. In general, a business corporation as defined in...
Section 69 - Inspection of Records; Examination of Officers - Section 69. Every corporation taxable under this chapter, except a...
Section 79 - Penalty for Failure to Make Return for Corporate Franchise Tax - Section 79. Any corporation, company or association, liable to taxation...
Section 80 - Collection of Penalties - Section 80. Penalties and forfeitures imposed by this chapter or...
Section 81 - Local Taxation, Defined - Section 81. For the purposes of sections thirty, fifty-five and...