Massachusetts § 24 Deductions

Massachusetts Statutes

§ 24 — Deductions

Massachusetts § 24

Part IADMINISTRATION OF THE GOVERNMENT

Title IXTAXATION

Ch. 63TAXATION OF CORPORATIONS

This text of Massachusetts § 24 (Deductions) is published on Counsel Stack Legal Research, covering Massachusetts primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Mass. Gen. Laws ch. 63, § 24 (2026).

Text

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 written but not taken, or cancelled through default of payment, and all premiums returned or credited to policyholders during the year for which the tax is determined, but not including premiums returned or credited on reinsurance assumed, provided that all premiums for which deduction is claimed have been included as premium receipts in a return made under section twelve of chapter sixty-two C and a tax assessed thereon.

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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 written but not taken, or cancelled through default of payment, and all premiums returned or credited to policyholders during the year for which the tax is determined, but not including premiums returned or credited on reinsurance assumed, provided that all premiums for which deduction is claimed have been included as premium receipts in a return made under section twelve of chapter sixty-two C and a tax assessed thereon.

Nearby Sections

2

§ 24

Deductions

§ 24A

Retaliatory taxes; applicability and reciprocal exemption; definition

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Bluebook (online)

Massachusetts § 24, Counsel Stack Legal Research, https://law.counselstack.com/statute/ma/63/24.