Credits Against Tax

Fiscal Year 2014 Resource Summary (in Millions)
TAX EXPENDITURE FY2012 FY2013 FY2014
Credits Against Tax 441.9 482.5 508.4

View tax item language

item description amount
Credits Against Tax 508.4
2.602 Investment Tax Credit 74.7
2.603 Vanpool Credit Negligible
2.604 Research Credit 174.2
2.605 EDIP/Economic Development Incentive Program Credit 23.6
2.606 Credit for Employing Former Full-Employment Program Participants Not active
2.607 Harbor Maintenance Tax Credit 1.0
2.608 Brownfields Credit 35.1
2.609 Low Income Housing Credit 44.3
2.610 Historic Buildings Rehabilitation Credit 47.9
2.614 Film (or Motion Picture) Credit 78.0
2.615 Medical Device User Fee Credit 0.4
2.616 Devens Refundable Tax Credit $0.0
2.617 Life Sciences Tax Incentive Program 16.9
2.618 Dairy Farmers Credit 1.0
2.619 Conservation Land Credit 1.2
2.620 Employer Wellness Program Tax Credit 9.4
2.621 Community Investment Tax Credit 0.8

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.