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.