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1.603 -Economic Opportunity Area Credit & Enhanced Economic Opportunity Area Credit

Item	Description	FY2009	FY2010	FY2011
1.603	Economic Opportunity Area Credit & Enhanced Economic Opportunity Area Credit Businesses investing in qualified property in an Economic Opportunity Area are entitled to a credit against tax of 5% of the cost of the property. To qualify for the 5% credit, the property must be used exclusively in a certified project in an Economic Opportunity Area. To be certified, the Economic Assistance Coordinating Council must approve a project. Origin: M.G.L. c. 62, S. 6(g) Estimate: $3.1	3.1	3.1	3.1

Key:

ORIGIN
IRC	Federal Internal Revenue Code (26 U.S.C.)
U.S.C	United States Code
M.G.L.	Massachusetts General Laws
Rev. Rul.; C.B.	Revenue Ruling; Cumulative Bulletin of the U.S. Treasury
ESTIMATES	All estimates are in $ millions.