Bill > S1443

This bill, aimed at promoting economic growth in the Commonwealth, makes several changes to tax laws. Specifically, it extends certain tax provisions by changing the expiration year for sections 6 of chapter 62 and section 38Q of chapter 63 from 2013 to 2015, and from 2014 to 2016. It also introduces a new tax credit of $456 for qualifying corporations under section 38DD against the excise tax imposed by section 39 of chapter 63. Additionally, the bill modifies subsection (c) of section 3 of chapter 63B, establishing four equal quarterly installments, each representing 25% of the required annual payment, for tax payments throughout the taxable year.