Governor Charles D. Baker's Budget Recommendation - House 1 Fiscal Year 2016

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Credits Against Tax

Fiscal Year 2016 Resource Summary (in Millions)
TAX EXPENDITURE FY2012 FY2013 FY2014 FY2015 FY2016
Credits Against Tax 419.8 467.7 454.3 509.1 540.9

View tax item language

item description amount
Credits Against Tax 540.9
2.602 Investment Tax Credit 59.8
2.603 Vanpool Credit Negligible
2.604 Research Credit 191.4
2.605 EDIP/Economic Development Incentive Program Credit 24.7
2.606 Credit for Employing Former Full-Employment Program Participants Not Active
2.607 Harbor Maintenance Tax Credit 1.3
2.608 Brownfields Credit 36.9
2.609 Low Income Housing Credit 79.0
2.610 Historic Buildings Rehabilitation Credit 34.3
2.614 Film (or Motion Picture) Credit 77.9
2.615 Medical Device User Fee Credit 0.6
2.616 Devens Refundable Tax Credit $0.0
2.617 Life Sciences Tax Incentive Program 24.5
2.618 Dairy Farmers Credit $0.0
2.619 Conservation Land Credit $0.0
2.620 Employer Wellness Program Tax Credit 7.5
2.621 Community Investment Tax Credit 3.0

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.

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