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Massachusetts R&D Tax Credit (M.G.L. c. 63 §38M)

Massachusetts R&D Tax Credit (M.G.L. c. 63 §38M)

Funds Massachusetts innovation teams with tax credits for qualifying project spending and growth.

Between cyclesMassachusetts Department of RevenueUnited StatesEligible in Massachusetts
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About

The Massachusetts Research Tax Credit, established under Massachusetts General Laws Chapter 63, Section 38M, is a state corporate income tax credit available to business corporations subject to the Massachusetts corporate excise that incur qualified research expenses (QREs) from research activities conducted within Massachusetts. The credit mirrors the federal research credit structure: the standa…

What this grant funds

Massachusetts corporate excise tax credit at 10% of incremental qualified research expenses conducted in Massachusetts, with a refundable variant available to MLSC-certified life sciences companies.

Key facts
CycleiHow often this grant runs — e.g. annually, on a rolling basis, or a one-off call.Annual
Next deadlineiThe next date applications are due. Rolling means you can apply any time.—
Decision timeiTypical time from the deadline to the funder's decision.—
Project durationiHow long the funded work is expected to run.—
Award typeiThe form of funding — grant, equity, loan, tax credit, etc.Tax credit
Match fundingiThe share of project costs you must cover yourself. 0% = fully funded.0%
Funding pooliThe total budget available across all awards in this round.—
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Industries

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Eligibility criteria

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Last verified: 24 Jul 2026Source: www.mass.gov