Chapter 63 - TAXATION OF CORPORATIONS
- Section 63:1 - Definitions
- Section 63:2 - Excise rate for financial institutions
- Section 63:2A - [Applicable until tax years beginning on or after 1/1/2025] Determination of net income for financial institutions
- Section 63:2A - [Applicable for tax years beginning on and after 1/1/2025] Determination of net income for financial institutions
- Section 63:2B - S corporations; excise rate; determining factors of amount
- Section 63:7 - Effect of assessment on other levies
- Section 63:8 to 63:10B - [Repealed]
- Section 63:11 - [Repealed]
- Section 63:12 - [Repealed]
- Section 63:13 - [Repealed]
- Section 63:14 - [Repealed]
- Section 63:15 to 63:17 - [Repealed]
- Section 63:18 - [Repealed]
- Section 63:18A - [Repealed]
- Section 63:19 - [Repealed]
- Section 63:20 - Insurance premiums subject to taxation; rate
- Section 63:21 - Additional tax on foreign companies
- Section 63:22 - Companies other than life; premiums subject to taxation; rate
- Section 63:22A - Domestic companies; annual total gross investment income earned tax
- Section 63:22B - Investment privilege excise; net investment income
- Section 63:22C - Credit against investment privilege excise
- Section 63:22D - Gains, determination for investment privilege excise purposes; definitions
- Section 63:23 - Foreign companies; premiums subject to taxation; rate
- Section 63:24 - Deductions
- Section 63:24A - Retaliatory taxes; applicability and reciprocal exemption; definition
- Section 63:26 - Examination of records
- Section 63:28 - Payment; time; basis for liability
- Section 63:29 - Liability for taxes
- Section 63:29A - Fire and marine companies; tax on underwriting profit; computation
- Section 63:29B - Taxation of reciprocal or inter-insurance exchange agents
- Section 63:29C - Life insurance companies; credits against taxes imposed by secs. 20 and 22
- Section 63:29D - Property and casualty insurance companies; taxes on premiums; credits against taxes imposed by secs. 22 and 23
- Section 63:29E - Definitions; property and casualty insurance companies; retaliatory taxes; credits against taxes imposed by sec. 22
- Section 63:30 - Definitions; value of tangible property; net worth
- Section 63:31A - Investment credit for certain corporations; limitations
- Section 63:31B - [Repealed]
- Section 63:31C - Credit for certain corporations; increase in number of full-time employees
- Section 63:31D - Definitions applicable to secs. 31D to 31F
- Section 63:31E - Credit for company shuttle van purchase or lease expenses
- Section 63:31F - Vanpool vehicle registration; fee
- Section 63:31H - [Effective Until 1/1/2025] Definitions; state low-income housing tax credit; eligibility; allocation; recapture
- Section 63:31H - [Effective 1/1/2025] Definitions; state low-income housing tax credit; eligibility; allocation; recapture
- Section 63:31I - Definitions
- Section 63:31J - Deductible interest; interest paid to related member; taxpayer's burden to show disallowance of deduction unreasonable
- Section 63:31K - Royalty expenses and costs
- Section 63:31L - [Repealed]
- Section 63:31M - [Repealed Effective 12/31/2028] Life sciences tax credit
- Section 63:31N - Determination of gross or net income; adjustments
- Section 63:32 - [Repealed]
- Section 63:32B - Consolidated return of income by certain corporations
- Section 63:32C - Maximum amount of credits; carryover
- Section 63:32D - S corporations; net income measure
- Section 63:32E - Application of motion picture tax credit
- Section 63:33 - [Repealed]
- Section 63:38 - [Applicable until tax years beginning on or after 1/1/2025] Determination of net income derived from business carried on within commonwealth
- Section 63:38 - [Applicable to tax years beginning or or after 1/1/2025] Determination of net income derived from business carried on within commonwealth
- Section 63:38A - Taxable net income
- Section 63:38B - Financial institutions and corporations engaged exclusively in buying, selling, dealing in or holding securities
- Section 63:38C - [Repealed]
- Section 63:38D - Deduction of expenditures for industrial waste treatment or air pollution control facilities
- Section 63:38E - Eligible business facility; excise credit
- Section 63:38F - 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 63:38G - Reporting wholly-owned DISC income
- Section 63:38H - Alternative energy sources; deduction
- Section 63:38I - Wages deemed compensation paid in commonwealth; deduction; election
- Section 63:38J - Qualified research contribution deduction
- Section 63:38L - Natural heritage and endangered species fund contributions
- Section 63:38M - Credit against amount of excise due; research expenses
- Section 63:38N - Economic development incentive program; tax credit for certified projects
- Section 63:38O - Economic target areas; tax deduction for renovation of abandoned buildings
- Section 63:38P - [Repealed]
- Section 63:38Q - Environmental response actions; credit
- Section 63:38R - Massachusetts historic rehabilitation tax credit
- Section 63:38S - Automatic Sprinkling System; depreciation deduction
- Section 63:38T - [Repealed]
- Section 63:38U - [Repealed Effective 12/31/2028] Tax credit against cost of qualifying property
- Section 63:38V - [Repealed Effective 12/31/2028] Deductions for certified life sciences company
- Section 63:38W - [Repealed Effective 12/31/2028] Tax credit for qualified research expenses; life sciences
- Section 63:38X - Motion Picture Credit
- Section 63:38Y - Unrelated business taxable income
- Section 63:38Z - Dairy farm tax credit program
- Section 63:38AA - Credit against taxes imposed for qualified donation of certified land to public or private conservation agency
- Section 63:38BB - Tax credit against taxes for certified housing development projects
- Section 63:38CC - Refundable jobs credits
- Section 63:38DD - Nontransferable credit against excise tax imposed under Secs. 63:2(b), 63:2B(b) or 63:39(b)
- Section 63:38EE - [Repealed Effective 12/31/2025] Community investment tax credit (ยง 38EE)
- Section 63:38FF - [Repealed]
- Section 63:38GG - Credit against excise
- Section 63:38HH - Credit for wages paid to qualified apprentice
- Section 63:38II - [Repealed Effective 1/1/2025] Taxpayer credit against taxes imposed by this chapter
- Section 63:38JJ - Business credit
- Section 63:38KK - Credit against excise for businesses with national guard employees
- Section 63:38LL - [Repealed Effective 1/1/2033] Corporations subject to tax; refundable jobs credit
- Section 63:38MM - [Repealed Effective 1/1/2033] Refundable credit against tax imposed for owner or tenant
- Section 63:39 - Business corporations; tax rate
- Section 63:39A - Tax on business subsidiary corporation
- Section 63:42 - Alternative method of determining net income
- Section 63:42A - Taxable net income
- Section 63:42B - [Effective Until 1/1/2025] Manufacturing and research and development corporations
- Section 63:42B - [Effective 1/1/2025] Manufacturing and research and development corporations
- Section 63:52 - Unconstitutionality of excise tax law; effect; revival of former act
- Section 63:52A - [Repealed]
- Section 63:55 - Valuation
- Section 63:58 - Tax rate
- Section 63:59 - Assessment of additional taxes
- Section 63:67 - Corporations interested in ships and vessels; assessment; rate; return; deductions
- Section 63:68 - Effect on other taxes
- Section 63:68A - Conflict between local and state valuations; remedy
- Section 63:68C - Exemption from excise under sec. 39 for certain business corporations
- Section 63:69 - Inspection of records; examination of officers
- Section 63:79 - Penalty for failure to make return for corporate franchise tax
- Section 63:80 - Collection of penalties
- Section 63:81 - Local taxation, defined