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Ch. 63Professions and OccupationsCHAPTER 63 PROFESSIONS AND OCCUPATIONS SENATE BILL 99019 BY SENATORS Toledo, Andrews, Clobber, Congreve, Evans, Hernandez, Lam born, Martinez, Mus grave, Reeves, Rupert,
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Chapter 63 in Massachusetts refers to the tax laws governing the corporate excise tax.
Any corporation conducting business in Massachusetts must file chapter 63.
To fill out chapter 63, corporations must report their income, deductions, and apportionment factors to calculate the excise tax due.
The purpose of chapter 63 is to raise revenue for the state government by taxing corporations based on their income earned in Massachusetts.
Corporations must report their gross receipts, deductions, apportionment factors, and other relevant financial information.
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