Governor Deval Patrick's Budget Recommendation - House 1 Fiscal Year 2014

1.613 -Medical Device User Fee Credit

Item DescriptionFY2012 FY2013 FY2014
1.613 Medical Device User Fee Credit
Medical device companies that develop or manufacture medical devices in Massachusetts can claim a credit equal to 100% of the user fees paid by them when submitting certain medical device applications and supplements to the United States Food and Drug Administration. The credit is also transferable. For the personal income tax, the credit applies to any qualifying entity organized as a sole proprietorship, partnership, limited liability company, corporate trust or other business where the income is taxed directly. Note that although these credits are transferable to another taxpayer, they are not refundable.

Origin:  M.G.L. c. 62, S. 6 1/2, Ch. 145 of the Acts of 2006.
Estimate:  Negligible
Negligible Negligible Negligible


IRCFederal Internal Revenue Code (26 U.S.C.)
U.S.C United States Code
M.G.L. Massachusetts General Laws
Rev. Rul.; C.B. Revenue Ruling; Cumulative Bulletin of the U.S. Treasury
ESTIMATES All estimates are in $ millions.

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