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MA S2080
Bill
AI Summary
- Creates a new "super" R&D tax credit for businesses that already qualify for the existing Massachusetts research expense tax credit under Section 38M
- Credit equals the amount of qualified research expenses exceeding 150% of the taxpayer's average R&D spending over the previous 5 years (the "super credit base amount")
- Only research expenditures conducted within Massachusetts qualify for this additional credit
- Credit limited to 50% of tax due after other credits, with unused portions carrying forward for up to 5 years
- For combined corporate returns, member corporations must first apply credits to their own tax liability before sharing excess credits with other group members
Legislative Description
Relative to the creation of a super research and development tax credit
Last Action
Hearing rescheduled to 10/03/2025 from 10:00 AM-12:35 PM in Gardner Auditorium Hearing updated to New End Time
10/3/2025
Committee Referrals
Revenue2/27/2025
Full Bill Text
No bill text available