Governor Deval Patrick's Budget Recommendation - House 2 Fiscal Year 2013

Governor's Budget Recommendation FY 2013

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2.603 -Vanpool Credit

Item DescriptionFY2011 FY2012 FY2013
2.603 Vanpool Credit
Business corporations are allowed 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.

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


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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