Credits Against Tax

Fiscal Year 2013 Resource Summary (in Millions)
TAX EXPENDITURE	FY2011	FY2012	FY2013
Credits Against Tax	358.4	416.1	416.0

item	description	amount
Credits Against Tax		416.0
2.602	Investment Tax Credit	56.5
2.603	Vanpool Credit	Negligible
2.604	Research Credit	110.9
2.605	EDIP/Economic Development Incentive Program Credit	21.7
2.606	Credit for Employing Former Full-Employment Program Participants	Not active
2.607	Harbor Maintenance Tax Credit	1.0
2.608	Brownfields Credit	24.6
2.609	Low Income Housing Credit	38.6
2.610	Historic Buildings Rehabilitation Credit	47.5
2.614	Film (or Motion Picture) Credit	82.6
2.615	Medical Device User Fee Credit	3.6
2.616	Devens Refundable Tax Credit	$0.0
2.617	Life Sciences Tax Incentive Program	25.0
2.618	Dairy Farmers Credit	3.6
2.619	Conservation Land Credit(NEW)	0.5

Key:

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.