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

2.603 -Vanpool Credit


Item DescriptionFY2012 FY2013 FY2014
2.603 Vanpool Credit
Businesses are allowed to take a credit of 30% of the cost incurred during the taxable year for the purchase or lease of company shuttle vans used in the Commonwealth as part of an employer-sponsored ridesharing program. The shuttle vans must be used for transporting employees. This credit is neither transferable nor refundable nor can it be carried forward.

Origin:  M.G.L. c. 63, S. 31E
Estimate:  Negligible
Negligible Negligible Negligible

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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