Massachusetts S2080 proposes a super research and development tax credit for businesses conducting research in the state.
Massachusetts S2080 introduces a super research and development tax credit for businesses that conduct research within the state. The credit is limited to 50% of the taxpayer's tax due after other credits are applied. It applies to expenditures for research conducted in Massachusetts and can be carried over for up to five years. The credit is subject to specific limitations and conditions, including the ability to apply unused credits to other group members.
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