Tri-State Tax Alert
From our offices in Boston, Portland, and Portsmouth, Pierce Atwood’s State and Local Tax Group provides litigation, planning, transaction, regulatory, and legislative services to business, associations, and individuals on all Massachusetts, Maine, and New Hampshire tax issues and development incentives.
Education Tax Credit Established
The Legislature has established an education tax credit which may be taken against the business profits tax and/or the business enterprise tax for businesses that contribute to scholarship organizations that award scholarships to private school and home-schooled students. The credit is equal to 85% of the contribution. L. 2012, S372 (c. 287).