Credits Against Tax

Fiscal Year 2012 Resource Summary (in Millions)
TAX EXPENDITURE FY2010 FY2011 FY2012
Credits Against Tax 183.1 233.4 229.3

View tax item language

item description amount
Credits Against Tax 229.3
2.602 Investment Tax Credit 44.5
2.603 Vanpool Credit 0.1
2.604 Research Credit 80.3
2.605 EDIP/Economic Development Incentive Program Credit 19.6
2.606 Credit for Employing Former Full-Employment Program Participants Not active
2.607 Harbor Maintenance Tax Credit 1.1
2.608 Brownfields Credit 0.1
2.609 Low Income Housing Credit 2.2
2.610 Historic Buildings Rehabilitation Credit 21.3
2.611 Jobs Incentive Payment for Biotechnology and Medical Device Companies Expired
2.612 Solar Heat Credit Expired
2.613 Home Energy Efficiency Credit Expired
2.614 Film (or Motion Picture) Credit 10.1
2.615 Medical Device User Fee Credit 3.6
2.616 Devens Refundable Tax Credit 19.8
2.617 Life Sciences Tax Incentive Program 25.0
2.618 Dairy Farmers Credit 1.8

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.