Definitions . Section 1. When used in sections one to two A, inclusive, and section thirty-eight B, the following words shall, unless the context otherwise ...

Massachusetts General Laws - Taxation of Corporations - Chapter 63, Section 2

Financial institutions; excise rate . Section 2. (a) Except as provided in subsection (b), every financial institution engaged in business in the commonwealth shall pay, ...

Massachusetts General Laws - Taxation of Corporations - Chapter 63, Section 2A

Financial institutions; determination of net income . Section 2A. The commissioner shall determine the part of the net income of a financial institution derived from ...

Massachusetts General Laws - Taxation of Corporations - Chapter 63, Section 3, 4

Repealed, 1976, 415, Sec. 102 . ...

Massachusetts General Laws - Taxation of Corporations - Chapter 63, Section 5, 6

Repealed, 1934, 323, Sec. 1 . ...

Massachusetts General Laws - Taxation of Corporations - Chapter 63, Section 7

Effect of assessment on other levies . Section 7. Any taxes assessed upon any bank under the provisions of the foregoing sections shall be in ...

Massachusetts General Laws - Taxation of Corporations - Chapter 63, Section 8 to 10B

Repealed, 1925, 343, Sec. 1 . ...

Massachusetts General Laws - Taxation of Corporations - Chapter 63, Section 11

Repealed, 1984, 485, Sec. 3 . ...

Massachusetts General Laws - Taxation of Corporations - Chapter 63, Section 12

Repealed, 1966, 14, Sec. 12 . ...

Massachusetts General Laws - Taxation of Corporations - Chapter 63, Section 13

Repealed, 1976, 415, Sec. 102 . ...

Massachusetts General Laws - Taxation of Corporations - Chapter 63, Section 14

Repealed, 1931, 426, Sec. 6 . ...

Massachusetts General Laws - Taxation of Corporations - Chapter 63, Section 15 to 17

Repealed, 1984, 485, Secs. 4 to 6 . ...

Massachusetts General Laws - Taxation of Corporations - Chapter 63, Section 18

Repealed, 1990, 499, Sec. 11 . ...

Massachusetts General Laws - Taxation of Corporations - Chapter 63, Section 18A

Repealed, 1976, 415, Sec. 102 . ...

Massachusetts General Laws - Taxation of Corporations - Chapter 63, Section 19

Repealed, 1966, 14, Sec. 15 . ...

Massachusetts General Laws - Taxation of Corporations - Chapter 63, Section 20

Premiums subject to taxation; rate . Section 20. Every life insurance company, as defined by section one hundred and eighteen of chapter one hundred and ...

Massachusetts General Laws - Taxation of Corporations - Chapter 63, Section 21

Additional tax on foreign companies . Section 21. Every foreign life insurance company shall annually pay with respect to business taxable under the preceding section, ...

Massachusetts General Laws - Taxation of Corporations - Chapter 63, Section 22

Companies other than life; premiums subject to taxation; rate . Section 22. Every domestic insurance company coming within the scope of the definition of a ...

Massachusetts General Laws - Taxation of Corporations - Chapter 63, Section 22A

Domestic companies; annual total gross investment income earned tax . Section 22A. Every domestic insurance company coming within the scope of the definition of a ...

Massachusetts General Laws - Taxation of Corporations - Chapter 63, Section 22B

Investment privilege excise; net investment income . Section 22B. (1) Every domestic life insurance company not subject to tax under section twenty-two A shall annually ...

Massachusetts General Laws - Taxation of Corporations - Chapter 63, Section 22C

Credit against investment privilege excise . Section 22C. A domestic life insurance company subject to the investment privilege excise imposed by section twenty-two B having ...

Massachusetts General Laws - Taxation of Corporations - Chapter 63, Section 22D

Gains, determination for investment privilege excise purposes; definitions . Section 22D. For the purposes of determining the amount of gains, but not losses, under the ...

Massachusetts General Laws - Taxation of Corporations - Chapter 63, Section 23

Foreign companies; premiums subject to taxation; rate . Section 23. Every foreign insurance company coming within the scope of the definition of a foreign company ...

Massachusetts General Laws - Taxation of Corporations - Chapter 63, Section 24

Deductions . Section 24. In determining the amount of the tax payable under sections twenty-two and twenty-three, there shall be deducted all premiums on policies ...

Massachusetts General Laws - Taxation of Corporations - Chapter 63, Section 24A

Retaliatory taxes; applicability and reciprocal exemption; definition . Section 24A. Section twenty-one and the provision of section twenty-three imposing an excise in excess of two ...

Massachusetts General Laws - Taxation of Corporations - Chapter 63, Section 25

Repealed, 1976, 415, Sec. 102 . ...

Massachusetts General Laws - Taxation of Corporations - Chapter 63, Section 26

Examination of records . Section 26. The books, papers and accounts of every insurance company and of its agents shall be opened at all times ...

Massachusetts General Laws - Taxation of Corporations - Chapter 63, Section 27

Repealed, 1976, 415, Sec. 102 . ...

Massachusetts General Laws - Taxation of Corporations - Chapter 63, Section 28

Payment; time; basis for liability . Section 28. Every insurance company liable to taxation under sections twenty to twenty-three, inclusive, and twenty-nine A shall pay ...

Massachusetts General Laws - Taxation of Corporations - Chapter 63, Section 29

Liability for taxes . Section 29. Every domestic or foreign insurance company shall be liable for the full amount of all taxes assessed under this ...

Massachusetts General Laws - Taxation of Corporations - Chapter 63, Section 29A

Fire and marine companies; tax on underwriting profit; computation . Section 29A. (1) Every marine, or fire and marine, insurance company authorized to transact business ...

Massachusetts General Laws - Taxation of Corporations - Chapter 63, Section 29B

Taxation of reciprocal or inter-insurance exchange agents . Section 29B. Every attorney in fact of a reciprocal or inter-insurance exchange defined in section ninety-four A ...

Massachusetts General Laws - Taxation of Corporations - Chapter 63, Section 30

Definitions; value of tangible property; net worth . Section 30. When used in this section and sections thirty-one to fifty-two, inclusive, the following terms shall ...

Massachusetts General Laws - Taxation of Corporations - Chapter 63, Section 30A

Repealed, 1966, 698, Sec. 52 . ...

Massachusetts General Laws - Taxation of Corporations - Chapter 63, Section 31

Repealed, 1962, 756, Sec. 4 . ...

Massachusetts General Laws - Taxation of Corporations - Chapter 63, Section 31A

Investment credit for certain corporations; limitations . Section 31A. (a) A manufacturing corporation, or a business corporation engaged primarily in research and development, which has ...

Massachusetts General Laws - Taxation of Corporations - Chapter 63, Section 31B

Excess payments; rate reduction . Section 31B. If the total taxes paid in any twelve-month period ending June the thirtieth under sections thirty to fifty-one, ...

Massachusetts General Laws - Taxation of Corporations - Chapter 63, Section 31C

Credit for certain corporations; increase in number of full-time employees . Section 31C. A manufacturing corporation, or a business corporation engaged primarily in research and ...

Massachusetts General Laws - Taxation of Corporations - Chapter 63, Section 31D

Definitions applicable to Secs. 31D to 31F . Section 31D. As used in sections thirty-one D to thirty-one F, inclusive, the following words shall, unless ...

Massachusetts General Laws - Taxation of Corporations - Chapter 63, Section 31E

Credit for company shuttle van purchase or lease expenses . Section 31E. (a) A domestic or foreign corporation shall be allowed a credit against its ...

Massachusetts General Laws - Taxation of Corporations - Chapter 63, Section 31F

Vanpool vehicle registration; fee . Section 31F. (a) Upon registration of a vanpool vehicle, registration plates for each vehicle shall be provided which include the ...

Massachusetts General Laws - Taxation of Corporations - Chapter 63, Section 31G

Expired. See 1988, 236, Sec. 43 . ...

Massachusetts General Laws - Taxation of Corporations - Chapter 63, Section 32

Rate . Section 32. Except as otherwise provided herein, every domestic corporation, exercising its charter, or qualified to do business or actually doing business in ...

Massachusetts General Laws - Taxation of Corporations - Chapter 63, Section 32A

Repealed, 1960, 548, Sec. 5 . ...

Massachusetts General Laws - Taxation of Corporations - Chapter 63, Section 32B

Consolidated return of income by certain corporations . Section 32B. If two or more domestic business corporations or foreign corporations participated in the filing of ...

Massachusetts General Laws - Taxation of Corporations - Chapter 63, Section 32C

Maximum amount of credits; carryover . Section 32C. Notwithstanding the provisions of sections thirty-one A and thirty-eight E and section eleven of chapter seven hundred ...

Massachusetts General Laws - Taxation of Corporations - Chapter 63, Section 32D

S corporations; net income measure . Section 32D. (a) Any domestic business corporation or foreign corporation subject to an excise under section 32 or 39 ...

Massachusetts General Laws - Taxation of Corporations - Chapter 63, Section 33

Taxation of subsidiaries or affiliated corporations . Section 33. The net income of a domestic business corporation which is a subsidiary or parent corporation of ...

Massachusetts General Laws - Taxation of Corporations - Chapter 63, Section 34

Repealed, 1960, 548, Sec. 6 . ...

Massachusetts General Laws - Taxation of Corporations - Chapter 63, Section 34A

Repealed, 1924, 26, Sec. 1 . ...

Massachusetts General Laws - Taxation of Corporations - Chapter 63, Section 35, 36

Repealed, 1976, 415, Sec. 102 . ...

Massachusetts General Laws - Taxation of Corporations - Chapter 63, Section 37

Repealed, 1966, 698, Sec. 57 . ...

Massachusetts General Laws - Taxation of Corporations - Chapter 63, Section 38

Determination of net income derived from business carried on within commonwealth . Section 38. The commissioner shall determine the part of the net income of ...

Massachusetts General Laws - Taxation of Corporations - Chapter 63, Section 38A

Taxable net income . Section 38A. The taxable net income of a domestic business corporation allocated or apportioned to this commonwealth under the provisions of ...

Massachusetts General Laws - Taxation of Corporations - Chapter 63, Section 38B

Financial institutions and corporations engaged exclusively in buying, selling, dealing in or holding securities; excise rate . Section 38B. (a) Every financial institution, domestic business ...

Massachusetts General Laws - Taxation of Corporations - Chapter 63, Section 38C

Manufacturing and research and development corporations . Section 38C. A corporation organized under or subject to chapter 156D and a limited liability company organized under ...

Massachusetts General Laws - Taxation of Corporations - Chapter 63, Section 38D

Deduction of expenditures for industrial waste treatment or air pollution control facilities . Section 38D. (a) In determining the net income subject to tax under ...

Massachusetts General Laws - Taxation of Corporations - Chapter 63, Section 38E

Eligible business facility; excise credit . Section 38E. (a) A domestic or foreign business corporation operating an eligible business facility, as defined in section eleven ...

Massachusetts General Laws - Taxation of Corporations - Chapter 63, 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 . ...

Massachusetts General Laws - Taxation of Corporations - Chapter 63, Section 38G

Reporting wholly-owned DISC income . Section 38G. A domestic or foreign corporation subject to tax under this chapter shall for the purposes of determining its ...

Massachusetts General Laws - Taxation of Corporations - Chapter 63, Section 38H

Alternative energy sources; deduction . Section 38H. (a) In determining the net income subject to tax under this chapter a domestic or foreign business corporation, ...

Massachusetts General Laws - Taxation of Corporations - Chapter 63, Section 38I

Wages deemed compensation paid in commonwealth; deduction; election . Section 38I. In determining the net income subject to tax under this chapter for the taxable ...

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 ...

Massachusetts General Laws - Taxation of Corporations - Chapter 63, Section 38K

Repealed, 1985, 188, Sec. 10A . ...

Massachusetts General Laws - Taxation of Corporations - Chapter 63, Section 38L

Natural Heritage and Endangered Species Fund; contributions . Section 38L. Every corporation that files a return may voluntarily contribute all or part of any refund ...

Massachusetts General Laws - Taxation of Corporations - Chapter 63, Section 38M

Credit against amount of excise due; research expenses . Section 38M. (a) A domestic or foreign corporation shall be allowed a credit against its excise ...

Massachusetts General Laws - Taxation of Corporations - Chapter 63, Section 38N

Economic development incentive program; tax credit for certified projects . Section 38N. (a) A corporation subject to tax under this chapter which participates in a ...

Massachusetts General Laws - Taxation of Corporations - Chapter 63, Section 38O

Economic opportunity areas; tax deduction for renovation of abandoned buildings . Section 38O. A corporation whose excise under this chapter is based on net income ...

Massachusetts General Laws - Taxation of Corporations - Chapter 63, Section 38P

Harbor maintenance taxes; credit . Section 38P. (a) As used in this section, the following terms shall have the following meanings: ...

Massachusetts General Laws - Taxation of Corporations - Chapter 63, Section 39

Tax rate . Section 39. Except as otherwise provided herein, every foreign corporation, exercising its charter, or qualified to do business or actually doing business ...

Massachusetts General Laws - Taxation of Corporations - Chapter 63, Section 39A

Tax on foreign subsidiary corporation . Section 39A. The net income of a foreign corporation which is a subsidiary or parent corporation of another corporation ...

Massachusetts General Laws - Taxation of Corporations - Chapter 63, Section 39B

Repealed, 1924, 26, Sec. 1 . ...

Massachusetts General Laws - Taxation of Corporations - Chapter 63, Section 39C

Repealed, 1960, 548, Sec. 8 . ...

Massachusetts General Laws - Taxation of Corporations - Chapter 63, Section 40

Repealed, 1976, 415, Sec. 102 . ...

Massachusetts General Laws - Taxation of Corporations - Chapter 63, Section 41

Repealed, 1966, 698, Sec. 63 . ...

Massachusetts General Laws - Taxation of Corporations - Chapter 63, Section 42

Alternative method of determining net income . Section 42. If the allocation and apportionment provisions of this chapter are not reasonably adapted to approximate the ...

Massachusetts General Laws - Taxation of Corporations - Chapter 63, Section 42A

Taxable net income . [Text of section applicable with respect to income that is recognized on or after July 1, 2004. See 2004, 262, ...

Massachusetts General Laws - Taxation of Corporations - Chapter 63, Section 42B

Foreign manufacturing and research and development corporations . Section 42B. Every foreign limited liability company taxed as a corporation separate from its members for federal ...

Massachusetts General Laws - Taxation of Corporations - Chapter 63, Section 42C

Repealed, 1966, 698, Sec. 66 . ...

Massachusetts General Laws - Taxation of Corporations - Chapter 63, Section 43

Repealed, 1945, 735, Sec. 3 . ...

Massachusetts General Laws - Taxation of Corporations - Chapter 63, Section 44 to 46

Repealed, 1976, 415, Sec. 102 . ...

Massachusetts General Laws - Taxation of Corporations - Chapter 63, Section 47

Repealed, 1953, 654, Sec. 60 . ...

Massachusetts General Laws - Taxation of Corporations - Chapter 63, Section 48 to 51

Repealed, 1976, 415, Sec. 102 . ...

Massachusetts General Laws - Taxation of Corporations - Chapter 63, Section 52

Unconstitutionality of excise tax law; effect; revival of former act . Section 52. If the provisions of section thirty-two imposing an excise on domestic business ...

Massachusetts General Laws - Taxation of Corporations - Chapter 63, Section 52A

Definitions; rate and payment of tax; limitation; disposition of revenue . Section 52A. Every utility corporation doing business within the commonwealth shall pay annually a ...

Massachusetts General Laws - Taxation of Corporations - Chapter 63, Section 53

Repealed, 1976, 415, Sec. 102 . ...

Massachusetts General Laws - Taxation of Corporations - Chapter 63, Section 54

Repealed, 1951, 641, Sec. 2 . ...

Massachusetts General Laws - Taxation of Corporations - Chapter 63, Section 55

Valuation . Section 55. The commissioner shall ascertain from the returns or otherwise the true market value of the shares of each corporation required to ...

Massachusetts General Laws - Taxation of Corporations - Chapter 63, Section 56

Repealed, 1925, 343, Sec. 4 . ...

Massachusetts General Laws - Taxation of Corporations - Chapter 63, Section 56A

Repealed, 1966, 698, Sec. 69 . ...

Massachusetts General Laws - Taxation of Corporations - Chapter 63, Section 57

Repealed, 1928, 13, Sec. 2 . ...

Massachusetts General Laws - Taxation of Corporations - Chapter 63, Section 58

Tax rate . Section 58. Every corporation required to file a return under subsection (h) of section twelve of chapter sixty-two C shall annually pay ...

Massachusetts General Laws - Taxation of Corporations - Chapter 63, Section 58A

Repealed, 1925, 343, Sec. 6 . ...

Massachusetts General Laws - Taxation of Corporations - Chapter 63, Section 59

Assessment of additional taxes . Section 59. When the commissioner has received notice of an abatement of the taxes of any corporation under section seventy-four ...

Massachusetts General Laws - Taxation of Corporations - Chapter 63, Section 60

Repealed, 1976, 415, Sec. 102 . ...

Massachusetts General Laws - Taxation of Corporations - Chapter 63, Section 61 to 66

Repealed, 1928, 138 . ...

Massachusetts General Laws - Taxation of Corporations - Chapter 63, Section 67

Assessment; rate; return; deductions . Section 67. The commissioner shall annually assess as of the last day of the taxable year, as defined in paragraph ...

Massachusetts General Laws - Taxation of Corporations - Chapter 63, Section 68

Effect on other taxes . Section 68. The taxes imposed by this chapter upon any corporation shall not affect or prevent the imposition and collection ...

Massachusetts General Laws - Taxation of Corporations - Chapter 63, Section 68A

Conflict between local and state valuations; remedy . Section 68A. If the value of the works, structures, real estate, machinery, poles, underground conduits, wires and ...

Massachusetts General Laws - Taxation of Corporations - Chapter 63, Section 68B

Repealed, 1976, 415, Sec. 102 . ...

Massachusetts General Laws - Taxation of Corporations - Chapter 63, Section 69

Inspection of records; examination of officers . Section 69. Every corporation taxable under this chapter, except a foreign corporation taxable under section twenty-one or twenty-three, ...

Massachusetts General Laws - Taxation of Corporations - Chapter 63, Section 70 to 71B

Repealed, 1976, 415, Sec. 102 . ...

Massachusetts General Laws - Taxation of Corporations - Chapter 63, Section 72 to 76A

Repealed, 1976, 415, Sec. 102 . ...

Massachusetts General Laws - Taxation of Corporations - Chapter 63, Section 77, 78

Repealed, 1930, 416, Sec. 2 . ...

Massachusetts General Laws - Taxation of Corporations - Chapter 63, Section 79

Penalty for failure to make return for corporate franchise tax . Section 79. Any corporation, company or association, liable to taxation under section fifty-eight, neglecting ...

Massachusetts General Laws - Taxation of Corporations - Chapter 63, Section 80

Collection of penalties . Section 80. Penalties and forfeitures imposed by this chapter or by section seventy-four of chapter sixty-two C may be collected by ...

Massachusetts General Laws - Taxation of Corporations - Chapter 63, Section 81

Local taxation, defined . Section 81. For the purposes of sections thirty, fifty-five and sixty-eight A, the words “local taxation”, or their equivalent, as used ...

Last modified: November 19, 2006