Governor Deval Patrick's Budget Recommendation - House 2 Fiscal Year 2013

Governor's Budget Recommendation FY 2013

Credits Against Tax


Fiscal Year 2013 Resource Summary (in Millions)
TAX EXPENDITURE FY2011 FY2012 FY2013
Credits Against Tax 358.4 416.1 416.0

View tax item language

item description amount
Credits Against Tax 416.0
2.602 Investment Tax Credit 56.5
2.603 Vanpool Credit Negligible
2.604 Research Credit 110.9
2.605 EDIP/Economic Development Incentive Program Credit 21.7
2.606 Credit for Employing Former Full-Employment Program Participants Not active
2.607 Harbor Maintenance Tax Credit 1.0
2.608 Brownfields Credit 24.6
2.609 Low Income Housing Credit 38.6
2.610 Historic Buildings Rehabilitation Credit 47.5
2.614 Film (or Motion Picture) Credit 82.6
2.615 Medical Device User Fee Credit 3.6
2.616 Devens Refundable Tax Credit $0.0
2.617 Life Sciences Tax Incentive Program 25.0
2.618 Dairy Farmers Credit 3.6
2.619 Conservation Land Credit(NEW) 0.5

Key:

ORIGIN  
IRCFederal Internal Revenue Code (26 U.S.C.)
M.G.L. Massachusetts General Laws
U.S.C United States Code
ESTIMATES All estimates are in $ millions.


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