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Massachusetts General Laws - Taxation of Corporations - Chapter 63, Section 38JLegal Research Home > Massachusetts Lawyer > Taxation of Corporations > Massachusetts General Laws - Taxation of Corporations - Chapter 63, Section 38J Qualified research contribution deduction. Section 38J. In determining the net income subject to tax under this chapter, a domestic or foreign business corporation may deduct, in addition to any other allowable deduction under this chapter, an amount equal to twenty-five per cent of the allowable deduction for any qualified research contribution, as defined in section one hundred and seventy (e)(4) of the Federal Internal Revenue Code as amended and in effect for the taxable year, to an educational organization, as therein defined, located in the commonwealth. Last modified: March 26, 2006 |