Chapter 63 - Taxation of Corporations

Section 1 - Definitions
Section 2 - Financial Institutions; Excise Rate
Section 2a - Financial Institutions; Determination of Net Income
Section 2b - S Corporations; Excise Rate; Determining Factors of Amount
Section 7 - Effect of Assessment on Other Levies
Section 20 - Premiums Subject to Taxation; Rate
Section 21 - Additional Tax on Foreign Companies
Section 22 - Domestic Companies Other Than Life; Premiums Subject to Taxation; Rate
Section 22a - Domestic Companies; Annual Total Gross Investment Income Earned Tax
Section 22b - Investment Privilege Excise; Net Investment Income
Section 22c - Credit Against Investment Privilege Excise
Section 22d - Gains, Determination for Investment Privilege Excise Purposes; Definitions
Section 23 - Foreign Companies; Premiums Subject to Taxation; Rate
Section 24 - Deductions
Section 24a - Retaliatory Taxes; Applicability and Reciprocal Exemption; Definition
Section 26 - Examination of Records
Section 28 - Payment; Time; Basis for Liability
Section 29 - Liability for Taxes
Section 29a - Fire and Marine Companies; Tax on Underwriting Profit; Computation
Section 29b - Taxation of Reciprocal or Inter-Insurance Exchange Agents
Section 29c - Life Insurance Companies; Credits Against Taxes Imposed by Secs. 20 and 22
Section 29d - Property and Casualty Insurance Companies; Taxes on Premiums; Credits Against Taxes Imposed by Secs. 22 and 23
Section 29e - Definitions; Property and Casualty Insurance Companies; Retaliatory Taxes; Credits Against Taxes Imposed by Sec. 22
Section 30 - Definitions; Value of Tangible Property; Net Worth
Section 31a - Investment Credit for Certain Corporations; Limitations
Section 31c - Credit for Certain Corporations; Increase in Number of Full-Time Employees
Section 31d - Definitions Applicable to Secs. 31d to 31f
Section 31e - Credit for Company Shuttle Van Purchase or Lease Expenses
Section 31f - Vanpool Vehicle Registration; Fee
Section 31h - Definitions; State Low-Income Housing Tax Credit; Eligibility; Allocation; Recapture
Section 31i - Transactions With Related Members; Adding Back of Certain Deductions
Section 31j - Deductible Interest; Interest Paid to Related Member; Taxpayer's Burden to Show Disallowance of Deduction Unreasonable
Section 31k - Deductible Interest; Adjustments; Applicability
Section 31l - Medical Device Company Tax Credit; Credit Transfer Program
Section 31m - Life Sciences Tax Credit
Section 31n - Determination of Gross Income; Adjustment to Federal Gross Income
Section 32b - Combined Reporting; Corporations Subject to Combination; Apportionment of Income; Joint and Several Liability; Regulations; Affiliated Group Election
Section 32c - Maximum Amount of Credits; Carryover
Section 32d - S Corporations; Net Income Measure
Section 32e - Application and Refund of Credits Earned Under Sec. 38x; Substantiation of Claims; Regulations
Section 38 - Determination of Net Income Derived From Business Carried on Within Commonwealth
Section 38a - Taxable Net Income
Section 38b - Financial Institutions and Business Corporations Engaged Exclusively in Buying, Selling, Dealing in or Holding Securities; Excise Rate
Section 38d - Deduction of Expenditures for Industrial Waste Treatment or Air Pollution Control Facilities
Section 38e - Eligible Business Facility; Excise Credit
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 38g - Reporting Wholly-Owned Disc Income
Section 38h - Alternative Energy Sources; Deduction
Section 38i - Wages Deemed Compensation Paid in Commonwealth; Deduction; Election
Section 38j - Qualified Research Contribution Deduction
Section 38l - Natural Heritage and Endangered Species Fund; Contributions
Section 38m - Credit Against Amount of Excise Due; Research Expenses
Section 38n - Economic Development Incentive Program; Tax Credit for Certified Projects
Section 38o - Economic Target Areas; Tax Deduction for Renovation of Abandoned Buildings
Section 38p - Harbor Maintenance Taxes; Credit
Section 38q - Environmental Response Actions; Credit
Section 38r - Massachusetts Historic Rehabilitation Tax Credit
Section 38s - Automatic Sprinkler System; Depreciation Deduction
Section 38u - Credit for Cost of Qualifying Property; Life Sciences
Section 38v - Deductions for Qualifying Clinical Testing Expenses; Certified Life Sciences Company
Section 38w - Credit for Qualified Research Expenses; Life Sciences
Section 38x - Credit Against Taxes Imposed on Persons Filming Motion Picture for Employment of Persons Within Commonwealth in Connection With Filming or Production
Section 38y - Unrelated Business Taxable Income for Certain Exempt Corporations
Section 38z - Dairy Farm Tax Credit Program
Section 38aa - Credit Against Taxes Imposed for Qualified Donation of Certified Land to Public or Private Conservation Agency
Section 38bb - Credit Against Taxes Imposed for a Certified Housing Development Project
Section 38cc - Life Sciences Refundable Jobs Credit
Section 38dd - Credit Against Excise Tax Imposed Under Secs. 2(b), 2b(b) or 39(b)
Section 38ee - Community Investment Tax Credit
Section 38gg - Hiring of Qualified Veterans; Excise Tax Credit
Section 38hh - Credit for Wages Paid to Qualified Apprentice
Section 39 - Tax Rate
Section 39a - Tax on Business Subsidiary Corporation
Section 42 - Alternative Method of Determining Net Income
Section 42a - Taxable Net Income
Section 42b - Manufacturing and Research and Development Corporations
Section 52 - Unconstitutionality of Excise Tax Law; Effect; Revival of Former Act
Section 55 - Valuation
Section 58 - Tax Rate
Section 59 - Assessment of Additional Taxes
Section 67 - Assessment; Rate; Return; Deductions
Section 68 - Effect on Other Taxes
Section 68a - Conflict Between Local and State Valuations; Remedy
Section 68c - Exemption From Excise Under Sec. 39 for Certain Business Corporations
Section 69 - Inspection of Records; Examination of Officers
Section 79 - Penalty for Failure to Make Return for Corporate Franchise Tax
Section 80 - Collection of Penalties
Section 81 - Local Taxation, Defined