Massachusetts General Laws (Tax)
Mass. Gen. Laws ch. 63, § 38O
Economic target areas; tax deduction for renovation of abandoned buildings
Official textmalegislature.govlast amended
[Text of section effective for tax years beginning after January 1, 2019. See 2018, 228, Sec. 72.]
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 10 per cent of the cost of renovating an abandoned building that is part of a certified project designated under section 3A of chapter 23A.
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In this chapter (40 sections)
- 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- 63-38FF · Repealed, 2012, 224, Sec. 56A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- 63-38K · Repealed, 1985, 188, Sec. 10A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…
- 63-38NN · Nonrefundable credits for trainings; eligibility; credit…
- 63-38O · Economic target areas; tax deduction for renovation of…
- 63-38OO · Credit against the tax liability; transfer of credit; carry…
- 63-38P · Repealed, 2021, 68, Sec. 5
- 63-38PP · Massachusetts homeownership tax credit; amount allowed;…
- 63-38Q · Environmental response actions; credit
- 63-38QQ · Credit for taxpayers with an eligible theater production…
- 63-38R · Massachusetts historic rehabilitation tax credit
- 63-38RR · Refundable credit under climatetech tax incentive program;…
- 63-38S · Automatic sprinkler system; depreciation deduction
- 63-38SS · Amount of credit for research and development costs under…
- 63-38T · Repealed, 2008, 173, Secs. 82 and 83
- 63-38TT · Refundable jobs credit under climatetech tax incentive program
- 63-38U · Credit for cost of qualifying property; life sciences
- 63-38UU · Credit for wages paid to net-new qualified interns
- 63-38V · Deductions for qualifying clinical testing expenses; certified…
- 63-38W · Credit for qualified research expenses; life sciences
- 63-38X · Credit against taxes imposed on persons filming motion picture…
- 63-38Y · Unrelated business taxable income for certain exempt…
- 63-38Z · Dairy farm tax credit program
- 63-39 · Tax rate