Mass. Gen. Laws ch. 63 § 38O

Current through Chapters 1 to 249 and Chapters 253 to 255 of the 2024 Legislative Session

Section 63:38O - Economic target areas; tax deduction for renovation of abandoned buildings

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 as defined by section 3A of chapter 23A.

Mass. Gen. Laws ch. 63, § 38O

Amended by Acts 2018, c. 228,§ 16, eff. 1/1/2019 and applicable to tax years beginning 1/1/2019.

Amended by Acts 2016, c. 219,§ 86, eff. 8/10/2016, op. for tax years beginning on or after 1/1/2017.

Amended by Acts 2014, c. 287,§ 59, eff. 8/13/2014.