| Item | Description | FY2011 | FY2012 | FY2013 |
|---|---|---|---|---|
| 2.615 | Medical Device User Fee Credit
The Medical Device Credit is equal to 100% of the user fees actually paid to the United States Food and Drug Administration (USFDA) by a medical device company during the taxable year for which the tax is due for pre-market submissions (e.g., applications, supplements, or 510(k) submissions) to market new technologies or upgrades, changes, or enhancements to existing technologies, developed or manufactured in Massachusetts. The credit may be carried-forward for up to 5 years. Also the credit may be transferred or sold to another taxpayer. The credit is applicable to insurance companies as well. Origin: M.G.L. c. 63, S. 31L Estimate: $3.6 |
3.4 | 3.6 | 3.6 |
| ORIGIN | |
| IRC | Federal 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. |