Credits Against Tax

Fiscal Year 2014 Resource Summary (in Millions)
TAX EXPENDITURE	FY2012	FY2013	FY2014
Credits Against Tax	441.9	482.5	508.4

item	description	amount
Credits Against Tax		508.4
2.602	Investment Tax Credit	74.7
2.603	Vanpool Credit	Negligible
2.604	Research Credit	174.2
2.605	EDIP/Economic Development Incentive Program Credit	23.6
2.606	Credit for Employing Former Full-Employment Program Participants	Not active
2.607	Harbor Maintenance Tax Credit	1.0
2.608	Brownfields Credit	35.1
2.609	Low Income Housing Credit	44.3
2.610	Historic Buildings Rehabilitation Credit	47.9
2.614	Film (or Motion Picture) Credit	78.0
2.615	Medical Device User Fee Credit	0.4
2.616	Devens Refundable Tax Credit	$0.0
2.617	Life Sciences Tax Incentive Program	16.9
2.618	Dairy Farmers Credit	1.0
2.619	Conservation Land Credit	1.2
2.620	Employer Wellness Program Tax Credit	9.4
2.621	Community Investment Tax Credit	0.8

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.