Massachusetts § 38O - Economic target areas; tax deduction for renovation of abandoned buildings
Full text of Massachusetts Massachusetts General Laws § 38O — Economic target areas; tax deduction for renovation of abandoned buildings, with citation guidance and answers to common questions.
§ 38O. Economic target areas; tax deduction for renovation of abandoned buildings
[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.
Source: official Massachusetts text · Last verified 2026-08-27
Frequently Asked Questions About Massachusetts § 38O
What does Massachusetts General Laws § 38O cover?
Section 38O ("Economic target areas; tax deduction for renovation of abandoned buildings") 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 § 38O?
A common citation format is "Massachusetts General Laws § 38O" (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 § 38O 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.