Massachusetts R&D Tax Credit (M.G.L. c. 63 §38M)
Funds Massachusetts innovation teams with tax credits for qualifying project spending and growth.
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…
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.
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Guides for this application
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