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Tax Savings Programs for Massachusetts Life Sciences Companies

Withum

Companies that apply and are accepted into this program can benefit from various tax benefits, such as: Life Sciences Investment Tax Credit (pursuant to M.G.L 63, §30(17)) Designation as R&D Company for Sales Tax Purposes (pursuant to M.G.L. 63, §42B) Sales Tax Exemption for Certain Property (pursuant to M.G.L.

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Nurturing Biotech Companies in New York

Shay CPA

Businesses participating in START-UP NY can enjoy several tax credits, including the Business Tax-Free NY Area Elimination Credit, which eliminates franchise tax and personal income tax calculated by the business when filing its tax return.