Massachusetts tax credits and incentives
Review the program rules and claim timing below, then confirm the requirements with the administering agency.
This directory is not tax advice. Confirm eligibility, tax-year rules, deadlines and filing requirements with a tax professional.
Amounts are subject to the conditions in each listing. A source review does not mean applications are open or that a business qualifies.
1 program
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Massachusetts research credit
Tax credit
Standard calculation: 10% of qualifying expenses above the base plus 15% of qualifying basic-research payments. An alternative simplified calculation is available. [Massachusetts General Laws, Chapter 63, section 38M]
Check program requirements [Massachusetts General Laws, Chapter 63, section 38M]
Eligibility, claim steps and deadlines for Massachusetts research credit
- Who qualifies
- Business corporations with qualifying research conducted in Massachusetts. [Massachusetts General Laws, Chapter 63, section 38M]
- What it’s worth
- Standard calculation: 10% of qualifying expenses above the base plus 15% of qualifying basic-research payments. An alternative simplified calculation is available. [Massachusetts General Laws, Chapter 63, section 38M]
- How to claim
- Claim against the corporate excise under section 38M. The cited statute does not identify a numbered filing schedule; obtain the applicable return instructions from Revenue. [Massachusetts General Laws, Chapter 63, section 38M]
- Deadlines and application windows
- Calculated for the taxable year. The statute does not specify a separate advance-application window. [Massachusetts General Laws, Chapter 63, section 38M]
Sources reviewed