Massachusetts § 38O Economic target areas; tax deduction for renovation of abandoned buildings

Massachusetts Statutes

§ 38O — Economic target areas; tax deduction for renovation of abandoned buildings

Massachusetts § 38O

Part IADMINISTRATION OF THE GOVERNMENT

Title IXTAXATION

Ch. 63TAXATION OF CORPORATIONS

This text of Massachusetts § 38O (Economic target areas; tax deduction for renovation of abandoned buildings) 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, § 38O (2026).

Text

[Text of section effective for tax years beginning after January 1, 2019.  See 2018, 228, Sec. 72.]

Section 38O. A corporation whose excise under this chapter is based on net income may, in determining such net income, deduct an amount equal to 10 per cent of the cost of renovating an abandoned building that is part of a certified project designated under section 3A of chapter 23A.

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