Implementing Sector: | State |
Category: | Financial Incentive |
State: | Massachusetts |
Incentive Type: | Corporate Tax Exemption |
Web Site: | http://www.mass.gov/dor/businesses/current-tax-info/guide-to-corporate-excise-tax/deductions.html#solar |
Administrator: | Massachusetts Department of Revenue |
Eligible Renewable/Other Technologies: | Solar Water Heat, Solar Space Heat, Solar Thermal Process Heat, Wind (All), Wind (Small) |
Name: | MGL ch. 63, § 38H |
Date Enacted: | 1976 |
Massachusetts law exempts any "solar or wind powered climatic control unit and any solar or wind powered water heating unit or any other type unit or system powered thereby," that qualifies for the state's excise tax deduction for these systems from the tangible property measure of the state's corporate excise tax. The exemption is in effect for the length of the system's depreciation period.
Note: For information about what constitutes the corporate excise tax, please visit the official Massachusetts website.
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