Governor Deval Patrick's Budget Recommendation - House 1 Fiscal Year 2010

Governor's Budget Recommendation FY 2010

Credits Against Tax


Fiscal Year 2010 Resource Summary (in Millions)
TAX EXPENDITURE FY2008 FY2009 FY2010
Credits Against Tax 236.7 292.6 287.9

View tax item language

item description amount
Credits Against Tax 287.9
2.602 Investment Tax Credit 58.5
2.603 Vanpool Credit (VPC) 0.1
2.604 Research Credit 91.2
2.605 Economic Opportunity Area Credit (EOAC) 20.0
2.606 Credit for Employing Former Full-Employment Program Participants Negligible
2.607 Credit for Harbor Maintenance Taxes Paid 0.8
2.608 Brownfields Credit 2.1
2.609 Low Income Housing Credit 3.1
2.610 Historic Buildings Rehabilitation Credit 21.3
2.611 Jobs Incentive Payment for Biotechnology and Medical Device Companies 2.5
2.612 Solar Heat Credit Expired
2.613 Home Energy Efficiency Credit Expired
2.614 Film (or Motion Picture) Credit 48.1
2.615 Medical Device User Fee Credit 3.3
2.616 Devens Refundable Tax Credit 12.0
2.617 Life Sciences Tax Incentive Program 25.0

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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