Tax Benefits
| Section | Subject | Federal Funds Available |
Estimated Funds Benefiting Massachusetts |
Estimated Funds to State Agencies |
|---|---|---|---|---|
| 73 | Internal Revenue Service - Health Insurance Tax Credit Administration | 80,000,000 | 1,709,600 | |
| 1001 | Making Work Pay Credit | 116,119,000,000 | 1,200,000,000 | |
| 1002 | Temporary Increase in Earned Income Tax Credit | 4,633,000,000 | 60,359,243 | |
| 1003 | Temporary increase in Refundable Portion of Child Credit | 14,530,000,000 | 141,205,812 | |
| 1004 | American Opportunity Tax Credit | 13,607,000,000 | 297,192,590 | |
| 1005 | Computer Technology and Equipment - Qualified Higher Education Expense | 6,000,000 | 128,220 | |
| 1006 | Extension of Increase in First-Time Homebuyer Credit | 6,638,000,000 | 141,854,060 | |
| 1007 | Suspension of Tax on Portion of Unemployment Compensation | 4,340,000,000 | 101,293,800 | |
| 1008 | Additional Deduction for State Sales and Excise Tax on Purchase of Certain Motor Vehicles | 1,684,000,000 | 35,987,080 | |
| 1011 | Extension of Alternative Minimum Tax Relief for Nonrefundable Personal Credits | 69,759,000,000 | 1,490,749,830 | |
| 1012 | Extension of Increased Alternative Minimum Tax Exemption Amount | 805,000,000 | 17,202,850 | |
| 1101 | Extension of Credit for Renewable Electricity Production | 13,143,000,000 | 280,865,910 | |
| 1102 | Election of Investment Credit in Lieu of Production Credit | 285,000,000 | 6,090,450 | |
| 1103 | Repeal of Certain Limitations on Credit for Renewable Energy Property | 872,000,000 | 18,634,640 | |
| 1121 | Extension and Modification of Credit for Nonbusiness Energy Property | 5,000,000 | 106,850 | |
| 1122 | Modification of credit for residential energy efficient property | 2,034,000,000 | ||
| 1123 | Temporary increase in credit for alternative fuel vehicle refueling property | 54,000,000 | ||
| 1141 | Credit for new qualified plug-in electric drive motor vehicles | 2,002,000,000 | ||
| 1151 | Increased Exclusion Amount for Commuter Transit Benefits and Transit Passes | 192,000,000 | ||
| 1201 | Extending Bonus Depreciation | 5,074,000,000 | 4,103,173 | |
| 1201A | Extension of Election to Accelerate the and Research Credits in Lieu of Bonus Depreciation | 805,000,000 | 4,103,173 | |
| 1202 | Temporary Increase in Limitations on Expensing of Certain Depreciable Business Assets | 41,000,000 | 108,434,896 | |
| 1211 | 5-year Carryback of Operating Losses of Small Business | 947,000,000 | 20,238,046 | |
| 1221 | Incentives to hire unemployed veterans and disconnected youth | 231,000,000 | ||
| 1231 | Deferral and Ratable Inclusion of Income Arising from Business Debt | 1,622,000,000 | 34,662,140 | |
| 1241 | Special Rules Applicable to Qualified Small Business Stock for 2009 and 2010 | 829,000,000 | 17,715,730 | |
| 1251 | Temporary Reduction in Recognition Period for Built-In Gains Tax | 415,000,000 | 8,868,550 | |
| 1261 | Clarification of Regulations Related to Limitations on Certain Bulit-In Losses following an Ownershi | -6,977,000,000 | -149,098,490 | |
| 1262 | Treatment of Certain Ownership Changes for Net Operating Loss Carryforward | 3,163,000,000 | 67,593,310 | |
| 1301 | Temporary Expansion of Industrial Development Bonds Availability for Manufacturing Intangibles | 203,000,000 | ||
| 1302 | Credit for investment in advanced energy facilities | 1,647,000,000 | ||
| 1400U-2 | Recovery Zone Economic Development Bonds - $10 billion bond authorization | 2,000,000,000 | 222,676,000 | |
| 1400U-3 | Recovery Zone Facility Bonds - $15 billion bond authorization | 3,371,000,000 | 334,013,000 | |
| 1402 | Tribal economic development bonds | 315,000,000 | ||
| 1403 | Increase in new markets tax credit | 815,000,000 | ||
| 1502 | Modification of small issuer exception to tax-exempt interest expense allocation rules for financial institutions | 3,234,000,000 | ||
| 1503 | Temporary Modification of Alternative Minimum Tax Limitations on Tax-Exempt Bonds | 555,000,000 | 11,860,350 | |
| 1504 | Modification to high speed intercity rail facility bonds | 288,000,000 | ||
| 1511 | Delay in application of withholding tax on Government Contractors | 291,000,000 | ||
| 1521 | Qualified School Construction Bonds | 9,877,000,000 | 144,783,000 | |
| 1522 | Extension and Expansion of Qualified Zone Academy Bonds | 1,045,000,000 | 27,967,000 | |
| 1531 | Build America Bonds | 4,348,000,000 | ||
| 2202 | Special Credit for Government Retirees | 218,000,000 | 4,658,660 | |
| Total Tax Benefits | 285,145,000,000 | 4,655,959,473 | ||
| Data current as of 05/27/2011 | ||||
Column Explanations:
- Federal Funds Available = Estimate of all Federal Stimulus Spending in the United States.
- Estimated Funds Benefiting Massachusetts = Estimate of all Federal Stimulus spending in Massachusetts, not solely funding directed to state entities.
- Estimated Funds to State Agencies = Estimate of spending that will be distributed through Massachusetts State Agencies.