Massachusetts General Laws (Tax)
Mass. Gen. Laws ch. 63, § 38DD
Credit against excise tax imposed under Secs. 2(b), 2B(b) or 39(b)
Official textmalegislature.gov
Section 38DD.
# (a)
A corporation formed under chapter 156D and taxable under this chapter shall receive a nontransferrable credit against an excise tax imposed under subsection (b) of section 2, subsection (b) of section 2B or subsection (b) of section 39.
# (b)
A corporation shall only be eligible for a credit under subsection (a) for the first 3 years in which it is required to file a return under this chapter; provided, however, that such credit shall not be allowed to any corporation with 50 per cent or more of its voting stock owned by another corporation, whether or not such owning corporation is taxable in the commonwealth.
Source: view the official text
In this chapter (40 sections)
- 63-31N · Determination of gross income; adjustment to federal gross…
- 63-32 · Repealed, 2008, 173, Sec. 47
- 63-32A · Repealed, 1960, 548, Sec. 5
- 63-32B · Combined reporting; corporations subject to combination;…
- 63-32C · Maximum amount of credits; carryover
- 63-32D · S corporations; net income measure
- 63-32E · Application and refund of credits earned under Sec. 38X;…
- 63-33 · Repealed, 2008, 173, Sec. 55
- 63-34 · Repealed, 1960, 548, Sec. 6
- 63-34A · Repealed, 1924, 26, Sec. 1
- 63-35-36 · Repealed, 1976, 415, Sec. 102
- 63-37 · Repealed, 1966, 698, Sec. 57
- 63-38 · Determination of net income derived from business carried on…
- 63-38A · Taxable net income
- 63-38AA · Credit against taxes imposed for qualified donation of…
- 63-38B · Financial institutions and business corporations engaged…
- 63-38BB · Credit against taxes imposed for a certified housing…
- 63-38C · Repealed, 2008, 173, Sec. 66
- 63-38CC · Life Sciences refundable jobs credit
- 63-38D · Deduction of expenditures for industrial waste treatment or…
- 63-38DD · Credit against excise tax imposed under Secs. 2(b), 2B(b) or…
- 63-38E · Eligible business facility; excise credit
- 63-38EE · Community investment tax credit
- 63-38F · Deduction from net income for compensation paid to individuals…
- 63-38FF · Repealed, 2012, 224, Sec. 56A
- 63-38G · Reporting wholly-owned DISC income
- 63-38GG · Hiring of qualified veterans; excise tax credit
- 63-38H · Alternative energy sources; deduction
- 63-38HH · Credit for wages paid to qualified apprentice
- 63-38I · Wages deemed compensation paid in commonwealth; deduction;…
- 63-38II · Cranberry production
- 63-38J · Qualified research contribution deduction
- 63-38JJ · Tax credits for qualified employees with disabilities
- 63-38K · Repealed, 1985, 188, Sec. 10A
- 63-38KK · Tax credits for qualified employers hiring members of the…
- 63-38L · Natural Heritage and Endangered Species Fund; contributions
- 63-38LL · Offshore wind tax incentive program; refundable jobs credit
- 63-38M · Credit against amount of excise due; research expenses
- 63-38MM · Refundable credit for capital investment in an offshore wind…
- 63-38N · Economic development incentive program; tax credit for…