Deductions — Massachusetts Code § 24
Massachusetts Code § 24 — Deductions. Reproduced from the official Massachusetts General Laws, with a citation summary, verification link, and related provisions.
§ 24. Deductions
Section 24. In determining the amount of the tax payable under sections twenty-two and twenty-three, there shall be deducted all premiums on policies written but not taken, or cancelled through default of payment, and all premiums returned or credited to policyholders during the year for which the tax is determined, but not including premiums returned or credited on reinsurance assumed, provided that all premiums for which deduction is claimed have been included as premium receipts in a return made under section twelve of chapter sixty-two C and a tax assessed thereon.
Source: official Massachusetts text · Last verified 2026-08-27
At a glance
- Citation: Massachusetts General Laws § 24
- Jurisdiction: Massachusetts
- Code: Massachusetts General Laws
- Subject: Deductions
- Text: transcribed from the official source (verify below)
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Statute text is transcribed from the official Massachusetts General Laws. Confirm it against the primary source before relying on it:
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Common questions
What is the source of Massachusetts General Laws § 24?
The text above is transcribed from the Massachusetts General Laws, the codified statutes of Massachusetts. The official publisher link appears under "Verify the text" on this page.
What subject does Massachusetts General Laws § 24 address?
It addresses "Deductions". Read the section together with the surrounding provisions listed under "Nearby provisions" for the full picture.
Is Massachusetts General Laws § 24 still in force?
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