Massachusetts § 38DD - Credit against excise tax imposed under Secs. 2(b), 2B(b) or 39(b)
Full text of Massachusetts Massachusetts General Laws § 38DD — Credit against excise tax imposed under Secs. 2(b), 2B(b) or 39(b), with citation guidance and answers to common questions.
§ 38DD. Credit against excise tax imposed under Secs. 2(b), 2B(b) or 39(b)
Section 38DD. (a) A corporation formed under chapter 156D and taxable under this chapter shall receive a nontransferrable credit against an excise tax imposed under subsection (b) of section 2, subsection (b) of section 2B or subsection (b) of section 39.
(b) A corporation shall only be eligible for a credit under subsection (a) for the first 3 years in which it is required to file a return under this chapter; provided, however, that such credit shall not be allowed to any corporation with 50 per cent or more of its voting stock owned by another corporation, whether or not such owning corporation is taxable in the commonwealth.
Source: official Massachusetts text · Last verified 2026-08-27
Frequently Asked Questions About Massachusetts § 38DD
What does Massachusetts General Laws § 38DD cover?
Section 38DD ("Credit against excise tax imposed under Secs. 2(b), 2B(b) or 39(b)") is part of the Massachusetts General Laws, the codified statutory law of Massachusetts. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Massachusetts § 38DD?
A common citation format is "Massachusetts General Laws § 38DD" (Massachusetts). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Massachusetts law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Massachusetts official source linked on this page or consult a licensed Massachusetts attorney.
How does Massachusetts § 38DD apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Massachusetts can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Massachusetts.