Please refer to the following (non-inclusive) references:
EDIP Governing Statute:
M.G.L. Chapter 23A: Section 3A-3F
- 3A: Definitions applicable to Sections 3A to 3H
- 3B: The Economic Assistance Coordinating Council
- 3C: The Economic Assistance Coordinating Council; Powers duties
- 3D: Economic Target Areas
- 3E: Economic Opportunity Areas
- 3F: Certified projects; Proposals
402 Code of Massachusetts Regulations 2.00
EDIP Regulations effective January 1, 2010
EDIP Guidelines Issued by the Economic Assistance Coordinating Council:
EDIP Reformation Statutes:
Chapter 166 of the Acts of 2009
Reforms to M.G.L. Chapter 23A effective January 1, 2010
Chapter 240 of the Acts of 2010: Sections 15 - 23
Reforms to M.G.L. Chapter 23A Sections 3A & 3F effective January 1, 2010
Chapter 287 of the Acts of 2014
Reforms to M.G.L. Chapter 23A Sections 3A – 3F; M.G.L. Chapter 63 Sections 38N & 31A; M.G.L. Chapter 40 Sections 59; and M.G.L. Chapter 59 Section 5 effective July 1, 2014
EDIP Investment Tax Credit Statutes:
M.G.L. Chapter 63: Section 38N
Taxation of Corporations: Economic Development Incentive Program; Tax Credit for Certified Projects
M.G.L. Chapter 63: Section 31A
Taxation of Corporations: Investment Credit for Certain Corporations; Limitations
Department of Revenue Releases on the EDIP Investment Tax Credit for Certified Projects Approved January 1, 2010 onward:
Department of Revenue Technical Information Release 10-1
Economic Development Incentive Program Credit
Department of Revenue Technical Information Release 10-15
Certain Local Property Tax, Personal Income Tax, Corporate Excise, and Tax Administration Changes in "An Act Relative to Economic Development Reorganization"
Department of Revenue Releases on the Economic Opportunity Area Credit for Certified Projects Approved Prior to January 1, 2010:
830 Code of Massachusetts Regulations 63.38 N.1
Regulations and calculation of Economic Opportunity Area Credit
Department of Revenue Division of Local Services: Informational Guideline Release No. 94-201
Property Tax Exemptions to Promote Economic Development
Department Of Revenue Directive 09-4
Effect that the Expiration of a Project’s Certification has on the Economic Opportunity Area Credit
Local Tax Increment Financing Statutes and Regulations:
M.G.L. Chapter 40: Section 59
Powers and Duties of Cities and Towns: Tax Increment Financing Plan
MGL Chapter 59: Section 5, Paragraph 51
Assessment of Local Taxes: Property; Exemptions
760 Code of Massachusetts Regulations 22.00
Establishes standards and procedures for designation of Tax Increment Financing (TIF) Zones and for the development of Tax Increment Financing Plans.
Abandoned Building Renovation Deduction Statute:
M.G.L Chapter 63: Section 38O
Economic Opportunity Areas; Tax Deduction for Renovation of Abandoned Buildings
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