Credits Against Tax

Fiscal Year 2017 Resource Summary (in Millions)
TAX EXPENDITURE FY2013 FY2014 FY2015 FY2016 FY2017
Credits Against Tax 450.6 449.5 538.4 561.9 578.1

View tax item language

item description amount
Credits Against Tax 578.1
2.602 Investment Tax Credit 66.4
2.603 Vanpool Credit Negligible
2.604 Research Credit 208.8
2.605 EDIP/Economic Development Incentive Program Credit 19.2
2.606 Credit for Employing Former Full-Employment Program Participants Not Active
2.607 Harbor Maintenance Tax Credit 1.2
2.608 Brownfields Credit 36.6
2.609 Low Income Housing Credit 89.0
2.610 Historic Buildings Rehabilitation Credit 46.6
2.614 Film (or Motion Picture) Credit 77.9
2.615 Medical Device User Fee Credit 1.1
2.617 Life Sciences Tax Incentive Program 20.8
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.