Massachusetts Chapter 63 — Taxation of Corporations

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Mass. Gen. Laws ch. 63, § 1— Definitions
Mass. Gen. Laws ch. 63, § 2— Financial institutions; excise rate
Mass. Gen. Laws ch. 63, § 2A— Financial institutions; determination of net income
Mass. Gen. Laws ch. 63, § 2B— S corporations; excise rate; determining factors of amount
Mass. Gen. Laws ch. 63, § 7— Effect of assessment on other levies
Mass. Gen. Laws ch. 63, § 11— Repealed, 1984, 485, Sec. 3
Mass. Gen. Laws ch. 63, § 12— Repealed, 1966, 14, Sec. 12
Mass. Gen. Laws ch. 63, § 13— Repealed, 1976, 415, Sec. 102
Mass. Gen. Laws ch. 63, § 14— Repealed, 1931, 426, Sec. 6
Mass. Gen. Laws ch. 63, § 15— Repealed, 1984, 485, Sec. 4
Mass. Gen. Laws ch. 63, § 16— Repealed, 1984, 485, Sec. 5
Mass. Gen. Laws ch. 63, § 17— Repealed, 1984, 485, Sec. 6
Mass. Gen. Laws ch. 63, § 18— Repealed, 1990, 499, Sec. 11
Mass. Gen. Laws ch. 63, § 18A— Repealed, 1976, 415, Sec. 102
Mass. Gen. Laws ch. 63, § 19— Repealed, 1966, 14, Sec. 15
Mass. Gen. Laws ch. 63, § 20— Premiums subject to taxation; rate
Mass. Gen. Laws ch. 63, § 21— Additional tax on foreign companies
Mass. Gen. Laws ch. 63, § 22— Domestic companies other than life; premiums subject to taxation; rate
Mass. Gen. Laws ch. 63, § 22A— Domestic companies; annual total gross investment income earned tax
Mass. Gen. Laws ch. 63, § 22B— Investment privilege excise; net investment income
Mass. Gen. Laws ch. 63, § 22C— Credit against investment privilege excise
Mass. Gen. Laws ch. 63, § 22D— Gains, determination for investment privilege excise purposes; definitions
Mass. Gen. Laws ch. 63, § 23— Foreign companies; premiums subject to taxation; rate
Mass. Gen. Laws ch. 63, § 24— Deductions
Mass. Gen. Laws ch. 63, § 24A— Retaliatory taxes; applicability and reciprocal exemption; definition
Mass. Gen. Laws ch. 63, § 25— Repealed, 1976, 415, Sec. 102
Mass. Gen. Laws ch. 63, § 26— Examination of records
Mass. Gen. Laws ch. 63, § 27— Repealed, 1976, 415, Sec. 102
Mass. Gen. Laws ch. 63, § 28— Payment; time; basis for liability
Mass. Gen. Laws ch. 63, § 29— Liability for taxes
Mass. Gen. Laws ch. 63, § 29A— Fire and marine companies; tax on underwriting profit; computation
Mass. Gen. Laws ch. 63, § 29B— Taxation of reciprocal or inter-insurance exchange agents
Mass. Gen. Laws ch. 63, § 29C— Life insurance companies; credits against taxes imposed by Secs. 20 and 22
Mass. Gen. Laws ch. 63, § 29D— Property and casualty insurance companies; taxes on premiums; credits against taxes imposed by Secs. 22 and 23
Mass. Gen. Laws ch. 63, § 29E— Definitions; property and casualty insurance companies; retaliatory taxes; credits against taxes imposed by Sec. 22
Mass. Gen. Laws ch. 63, § 30— Definitions; value of tangible property; net worth
Mass. Gen. Laws ch. 63, § 30A— Repealed, 1966, 698, Sec. 52
Mass. Gen. Laws ch. 63, § 31— Repealed, 1962, 756, Sec. 4
Mass. Gen. Laws ch. 63, § 31A— Investment credit for certain corporations; limitations
Mass. Gen. Laws ch. 63, § 31B— Repealed, 2008, 173, Sec. 44
Mass. Gen. Laws ch. 63, § 31C— Credit for certain corporations; increase in number of full-time employees
Mass. Gen. Laws ch. 63, § 31D— Definitions applicable to Secs. 31D to 31F
Mass. Gen. Laws ch. 63, § 31E— Credit for company shuttle van purchase or lease expenses
Mass. Gen. Laws ch. 63, § 31F— Vanpool vehicle registration; fee
Mass. Gen. Laws ch. 63, § 31G— Expired. See 1988, 236, Sec. 43
Mass. Gen. Laws ch. 63, § 31H— Definitions; state low-income housing tax credit; eligibility; allocation; recapture
Mass. Gen. Laws ch. 63, § 31I— Transactions with related members; adding back of certain deductions
Mass. Gen. Laws ch. 63, § 31J— Deductible interest; interest paid to related member; taxpayer's burden to show disallowance of deduction unreasonable
Mass. Gen. Laws ch. 63, § 31K— Deductible interest; adjustments; applicability
Mass. Gen. Laws ch. 63, § 31L— Repealed, 2021, 68, Sec. 4
Mass. Gen. Laws ch. 63, § 31M— Life sciences tax credit
Mass. Gen. Laws ch. 63, § 31N— Determination of gross income; adjustment to federal gross income
Mass. Gen. Laws ch. 63, § 32— Repealed, 2008, 173, Sec. 47
Mass. Gen. Laws ch. 63, § 32A— Repealed, 1960, 548, Sec. 5
Mass. Gen. Laws ch. 63, § 32B— Combined reporting; corporations subject to combination; apportionment of income; joint and several liability; regulations; affiliated group election
Mass. Gen. Laws ch. 63, § 32C— Maximum amount of credits; carryover
Mass. Gen. Laws ch. 63, § 32D— S corporations; net income measure
Mass. Gen. Laws ch. 63, § 32E— Application and refund of credits earned under Sec. 38X; substantiation of claims; regulations
Mass. Gen. Laws ch. 63, § 33— Repealed, 2008, 173, Sec. 55
Mass. Gen. Laws ch. 63, § 34— Repealed, 1960, 548, Sec. 6
Mass. Gen. Laws ch. 63, § 34A— Repealed, 1924, 26, Sec. 1
Mass. Gen. Laws ch. 63, § 37— Repealed, 1966, 698, Sec. 57
Mass. Gen. Laws ch. 63, § 38— Determination of net income derived from business carried on within commonwealth
Mass. Gen. Laws ch. 63, § 38A— Taxable net income
Mass. Gen. Laws ch. 63, § 38AA— Credit against taxes imposed for qualified donation of certified land to public or private conservation agency
Mass. Gen. Laws ch. 63, § 38B— Financial institutions and business corporations engaged exclusively in buying, selling, dealing in or holding securities; excise rate
Mass. Gen. Laws ch. 63, § 38BB— Credit against taxes imposed for a certified housing development project
Mass. Gen. Laws ch. 63, § 38C— Repealed, 2008, 173, Sec. 66
Mass. Gen. Laws ch. 63, § 38CC— Life Sciences refundable jobs credit
Mass. Gen. Laws ch. 63, § 38D— Deduction of expenditures for industrial waste treatment or air pollution control facilities
Mass. Gen. Laws ch. 63, § 38DD— Credit against excise tax imposed under Secs. 2(b), 2B(b) or 39(b)
Mass. Gen. Laws ch. 63, § 38E— Eligible business facility; excise credit
Mass. Gen. Laws ch. 63, § 38EE— Community investment tax credit
Mass. Gen. Laws ch. 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
Mass. Gen. Laws ch. 63, § 38FF— Repealed, 2012, 224, Sec. 56A
Mass. Gen. Laws ch. 63, § 38G— Reporting wholly-owned DISC income
Mass. Gen. Laws ch. 63, § 38GG— Hiring of qualified veterans; excise tax credit
Mass. Gen. Laws ch. 63, § 38H— Alternative energy sources; deduction
Mass. Gen. Laws ch. 63, § 38HH— Credit for wages paid to qualified apprentice
Mass. Gen. Laws ch. 63, § 38I— Wages deemed compensation paid in commonwealth; deduction; election
Mass. Gen. Laws ch. 63, § 38II— Cranberry production
Mass. Gen. Laws ch. 63, § 38J— Qualified research contribution deduction
Mass. Gen. Laws ch. 63, § 38JJ— Tax credits for qualified employees with disabilities
Mass. Gen. Laws ch. 63, § 38K— Repealed, 1985, 188, Sec. 10A
Mass. Gen. Laws ch. 63, § 38KK— Tax credits for qualified employers hiring members of the national guard
Mass. Gen. Laws ch. 63, § 38L— Natural Heritage and Endangered Species Fund; contributions
Mass. Gen. Laws ch. 63, § 38LL— Offshore wind tax incentive program; refundable jobs credit
Mass. Gen. Laws ch. 63, § 38M— Credit against amount of excise due; research expenses
Mass. Gen. Laws ch. 63, § 38MM— Refundable credit for capital investment in an offshore wind facility; amount; eligibility; limitations; administration
Mass. Gen. Laws ch. 63, § 38N— Economic development incentive program; tax credit for certified projects
Mass. Gen. Laws ch. 63, § 38NN— Nonrefundable credits for trainings; eligibility; credit amount
Mass. Gen. Laws ch. 63, § 38O— Economic target areas; tax deduction for renovation of abandoned buildings
Mass. Gen. Laws ch. 63, § 38OO— Credit against the tax liability; transfer of credit; carry forward of credit; disallowance of credit by commissioner; adoption of regulations
Mass. Gen. Laws ch. 63, § 38P— Repealed, 2021, 68, Sec. 5
Mass. Gen. Laws ch. 63, § 38PP— Massachusetts homeownership tax credit; amount allowed; eligibility certificate; affordability period; transfer, sale or assignment of tax credit; fees; adoption and promulgation of rules and regulations
Mass. Gen. Laws ch. 63, § 38Q— Environmental response actions; credit
Mass. Gen. Laws ch. 63, § 38QQ— Credit for taxpayers with an eligible theater production certificate; use; assignment, transfer or conveyance
Mass. Gen. Laws ch. 63, § 38R— Massachusetts historic rehabilitation tax credit
Mass. Gen. Laws ch. 63, § 38RR— Refundable credit under climatetech tax incentive program; eligibility; use and refunds
Mass. Gen. Laws ch. 63, § 38S— Automatic sprinkler system; depreciation deduction
Mass. Gen. Laws ch. 63, § 38SS— Amount of credit for research and development costs under climatetech tax incentive program
Mass. Gen. Laws ch. 63, § 38T— Repealed, 2008, 173, Secs. 82 and 83
Mass. Gen. Laws ch. 63, § 38TT— Refundable jobs credit under climatetech tax incentive program
Mass. Gen. Laws ch. 63, § 38U— Credit for cost of qualifying property; life sciences
Mass. Gen. Laws ch. 63, § 38UU— Credit for wages paid to net-new qualified interns
Mass. Gen. Laws ch. 63, § 38V— Deductions for qualifying clinical testing expenses; certified life sciences company
Mass. Gen. Laws ch. 63, § 38W— Credit for qualified research expenses; life sciences
Mass. Gen. Laws ch. 63, § 38X— Credit against taxes imposed on persons filming motion picture for employment of persons within commonwealth in connection with filming or production
Mass. Gen. Laws ch. 63, § 38Y— Unrelated business taxable income for certain exempt corporations
Mass. Gen. Laws ch. 63, § 38Z— Dairy farm tax credit program
Mass. Gen. Laws ch. 63, § 39— Tax rate
Mass. Gen. Laws ch. 63, § 39A— Tax on business subsidiary corporation
Mass. Gen. Laws ch. 63, § 39B— Repealed, 1924, 26, Sec. 1
Mass. Gen. Laws ch. 63, § 39C— Repealed, 1960, 548, Sec. 8
Mass. Gen. Laws ch. 63, § 40— Repealed, 1976, 415, Sec. 102
Mass. Gen. Laws ch. 63, § 41— Repealed, 1966, 698, Sec. 63
Mass. Gen. Laws ch. 63, § 42— Alternative method of determining net income
Mass. Gen. Laws ch. 63, § 42A— Taxable net income
Mass. Gen. Laws ch. 63, § 42B— Manufacturing and research and development corporations
Mass. Gen. Laws ch. 63, § 42C— Repealed, 1966, 698, Sec. 66
Mass. Gen. Laws ch. 63, § 43— Repealed, 1945, 735, Sec. 3
Mass. Gen. Laws ch. 63, § 47— Repealed, 1953, 654, Sec. 60
Mass. Gen. Laws ch. 63, § 52— Unconstitutionality of excise tax law; effect; revival of former act
Mass. Gen. Laws ch. 63, § 52A— Repealed, 2013, 46, Sec. 39
Mass. Gen. Laws ch. 63, § 53— Repealed, 1976, 415, Sec. 102
Mass. Gen. Laws ch. 63, § 54— Repealed, 1951, 641, Sec. 2
Mass. Gen. Laws ch. 63, § 55— Valuation
Mass. Gen. Laws ch. 63, § 56— Repealed, 1925, 343, Sec. 4
Mass. Gen. Laws ch. 63, § 56A— Repealed, 1966, 698, Sec. 69
Mass. Gen. Laws ch. 63, § 57— Repealed, 1928, 13, Sec. 2
Mass. Gen. Laws ch. 63, § 58— Tax rate
Mass. Gen. Laws ch. 63, § 58A— Repealed, 1925, 343, Sec. 6
Mass. Gen. Laws ch. 63, § 59— Assessment of additional taxes
Mass. Gen. Laws ch. 63, § 60— Repealed, 1976, 415, Sec. 102
Mass. Gen. Laws ch. 63, § 67— Assessment; rate; return; deductions
Mass. Gen. Laws ch. 63, § 68— Effect on other taxes
Mass. Gen. Laws ch. 63, § 68A— Conflict between local and state valuations; remedy
Mass. Gen. Laws ch. 63, § 68B— Repealed, 1976, 415, Sec. 102
Mass. Gen. Laws ch. 63, § 68C— Exemption from excise under Sec. 39 for certain business corporations
Mass. Gen. Laws ch. 63, § 69— Inspection of records; examination of officers
Mass. Gen. Laws ch. 63, § 79— Penalty for failure to make return for corporate franchise tax
Mass. Gen. Laws ch. 63, § 80— Collection of penalties
Mass. Gen. Laws ch. 63, § 81— Local taxation, defined