Shown verbatim: the complete text as captured from the official source posted by the Massachusetts General Court, fetched 2026-07-15. Nothing is edited or removed. The official bill page.
Chapter 63 of the General Laws, as appearing in the 2022 Official Edition, is hereby amended by inserting after section 38HH the following section:- Section 38NN. A business corporation shall be allowed a credit against its tax liability imposed under this chapter equal to not more than the first $500,000 of revenue earned by said corporation during the taxable year for which the tax is due. The credit allowed by this section shall not reduce the excise to an amount less than the amount due under subsection (b) of section 39 of this chapter.
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