1Definitions2Financial institutions; excise rate2AFinancial institutions; determination of net income2BS corporations; excise rate; determining factors of amount3, 4Repealed, 1976, 415, Sec. 102Repealed5, 6Repealed, 1934, 323, Sec. 1Repealed7Effect of assessment on other levies8 to 10BRepealed, 1925, 343, Sec. 1Repealed11Repealed, 1984, 485, Sec. 3Repealed12Repealed, 1966, 14, Sec. 12Repealed13Repealed, 1976, 415, Sec. 102Repealed14Repealed, 1931, 426, Sec. 6Repealed15Repealed, 1984, 485, Sec. 4Repealed16Repealed, 1984, 485, Sec. 5Repealed17Repealed, 1984, 485, Sec. 6Repealed18Repealed, 1990, 499, Sec. 11Repealed18ARepealed, 1976, 415, Sec. 102Repealed19Repealed, 1966, 14, Sec. 15Repealed20Premiums subject to taxation; rate21Additional tax on foreign companies22Domestic companies other than life; premiums subject to taxation; rate22ADomestic companies; annual total gross investment income earned tax22BInvestment privilege excise; net investment income22CCredit against investment privilege excise22DGains, determination for investment privilege excise purposes; definitions23Foreign companies; premiums subject to taxation; rate24Deductions24ARetaliatory taxes; applicability and reciprocal exemption; definition25Repealed, 1976, 415, Sec. 102Repealed26Examination of records27Repealed, 1976, 415, Sec. 102Repealed28Payment; time; basis for liability29Liability for taxes29AFire and marine companies; tax on underwriting profit; computation29BTaxation of reciprocal or inter-insurance exchange agents29CLife insurance companies; credits against taxes imposed by Secs. 20 and 2229DProperty and casualty insurance companies; taxes on premiums; credits against taxes imposed by Secs. 22 and 2329EDefinitions; property and casualty insurance companies; retaliatory taxes; credits against taxes imposed by Sec. 2230Definitions; value of tangible property; net worth30ARepealed, 1966, 698, Sec. 52Repealed31Repealed, 1962, 756, Sec. 4Repealed31AInvestment credit for certain corporations; limitations31BRepealed, 2008, 173, Sec. 44Repealed31CCredit for certain corporations; increase in number of full-time employees31DDefinitions applicable to Secs. 31D to 31F31ECredit for company shuttle van purchase or lease expenses31FVanpool vehicle registration; fee31GExpired. See 1988, 236, Sec. 43Repealed31HDefinitions; state low-income housing tax credit; eligibility; allocation; recapture31ITransactions with related members; adding back of certain deductions31JDeductible interest; interest paid to related member; taxpayer's burden to show disallowance of deduction unreasonable31KDeductible interest; adjustments; applicability31LRepealed, 2021, 68, Sec. 4Repealed31MLife sciences tax credit31NDetermination of gross income; adjustment to federal gross income32Repealed, 2008, 173, Sec. 47Repealed32ARepealed, 1960, 548, Sec. 5Repealed32BCombined reporting; corporations subject to combination; apportionment of income; joint and several liability; regulations; affiliated group election32CMaximum amount of credits; carryover32DS corporations; net income measure32EApplication and refund of credits earned under Sec. 38X; substantiation of claims; regulations33Repealed, 2008, 173, Sec. 55Repealed34Repealed, 1960, 548, Sec. 6Repealed34ARepealed, 1924, 26, Sec. 1Repealed35, 36Repealed, 1976, 415, Sec. 102Repealed37Repealed, 1966, 698, Sec. 57Repealed38Determination of net income derived from business carried on within commonwealth38ATaxable net income38BFinancial institutions and business corporations engaged exclusively in buying, selling, dealing in or holding securities; excise rate38CRepealed, 2008, 173, Sec. 66Repealed38DDeduction of expenditures for industrial waste treatment or air pollution control facilities38EEligible business facility; excise credit38FDeduction from net income for compensation paid to individuals employed by eligible business facility domiciled in present or former eligible section of substantial poverty38GReporting wholly-owned DISC income38HAlternative energy sources; deduction38IWages deemed compensation paid in commonwealth; deduction; election38JQualified research contribution deduction38KRepealed, 1985, 188, Sec. 10ARepealed38LNatural Heritage and Endangered Species Fund; contributions38MCredit against amount of excise due; research expenses38NEconomic development incentive program; tax credit for certified projects38OEconomic target areas; tax deduction for renovation of abandoned buildings38PRepealed, 2021, 68, Sec. 5Repealed38QEnvironmental response actions; credit38RMassachusetts historic rehabilitation tax credit38SAutomatic sprinkler system; depreciation deduction38TRepealed, 2008, 173, Secs. 82 and 83Repealed38UCredit for cost of qualifying property; life sciences38VDeductions for qualifying clinical testing expenses; certified life sciences company38WCredit for qualified research expenses; life sciences38XCredit against taxes imposed on persons filming motion picture for employment of persons within commonwealth in connection with filming or production38YUnrelated business taxable income for certain exempt corporations38ZDairy farm tax credit program38AACredit against taxes imposed for qualified donation of certified land to public or private conservation agency38BBCredit against taxes imposed for a certified housing development project38CCLife Sciences refundable jobs credit38DDCredit against excise tax imposed under Secs. 2(b), 2B(b) or 39(b)38EECommunity investment tax credit38FFRepealed, 2012, 224, Sec. 56ARepealed38GGHiring of qualified veterans; excise tax credit38HHCredit for wages paid to qualified apprentice38IICranberry production38JJTax credits for qualified employees with disabilities38KKTax credits for qualified employers hiring members of the national guard38LLOffshore wind tax incentive program; refundable jobs credit38MMRefundable credit for capital investment in an offshore wind facility; amount; eligibility; limitations; administration38NNNonrefundable credits for trainings; eligibility; credit amount38OOCredit against the tax liability; transfer of credit; carry forward of credit; disallowance of credit by commissioner; adoption of regulations38PPMassachusetts homeownership tax credit; amount allowed; eligibility certificate; affordability period; transfer, sale or assignment of tax credit; fees; adoption and promulgation of rules and regulations38QQCredit for taxpayers with an eligible theater production certificate; use; assignment, transfer or conveyance38RRRefundable credit under climatetech tax incentive program; eligibility; use and refunds38SSAmount of credit for research and development costs under climatetech tax incentive program38TTRefundable jobs credit under climatetech tax incentive program38UUCredit for wages paid to net-new qualified interns39Tax rate39ATax on business subsidiary corporation39BRepealed, 1924, 26, Sec. 1Repealed39CRepealed, 1960, 548, Sec. 8Repealed40Repealed, 1976, 415, Sec. 102Repealed41Repealed, 1966, 698, Sec. 63Repealed42Alternative method of determining net income42ATaxable net income42BManufacturing and research and development corporations42CRepealed, 1966, 698, Sec. 66Repealed43Repealed, 1945, 735, Sec. 3Repealed44 to 46Repealed, 1976, 415, Sec. 102Repealed47Repealed, 1953, 654, Sec. 60Repealed48 to 51Repealed, 1976, 415, Sec. 102Repealed52Unconstitutionality of excise tax law; effect; revival of former act52ARepealed, 2013, 46, Sec. 39Repealed53Repealed, 1976, 415, Sec. 102Repealed54Repealed, 1951, 641, Sec. 2Repealed55Valuation56Repealed, 1925, 343, Sec. 4Repealed56ARepealed, 1966, 698, Sec. 69Repealed57Repealed, 1928, 13, Sec. 2Repealed58Tax rate58ARepealed, 1925, 343, Sec. 6Repealed59Assessment of additional taxes60Repealed, 1976, 415, Sec. 102Repealed61 to 66Repealed, 1928, 138Repealed67Assessment; rate; return; deductions68Effect on other taxes68AConflict between local and state valuations; remedy68BRepealed, 1976, 415, Sec. 102Repealed68CExemption from excise under Sec. 39 for certain business corporations69Inspection of records; examination of officers70 to 76ARepealed, 1976, 415, Sec. 102Repealed77, 78Repealed, 1930, 416, Sec. 2Repealed79Penalty for failure to make return for corporate franchise tax80Collection of penalties81Local taxation, defined