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

1.614 -Dairy Farmers Credit

Item DescriptionFY2012 FY2013 FY2014
1.614 Dairy Farmers Credit
A taxpayer who holds a certificate of registration as a dairy farmer pursuant to section 16A of chapter 94 may be allowed a refundable income tax credit based on the amount of milk produced and sold. The total cumulative value of the credits authorized pursuant to this section combined with section 38Z of chapter 63 shall not exceed $4,000,000 annually. These credits may not be sold or transferred to another taxpayer, but are refundable at 100% of face value.

Origin:  M.G.L. c. 62, S. 6 (o), Ch. 310 of the Acts of 2008 S. 3.
Estimate:  $1.8
0.3 1.8 1.8


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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