Under the provisions of the Economic Development Incentive Program (EDIP) established pursuant to M.G.L. Ch. 23A, the Economic Assistance Coordination Council (EACC) may authorize taxpayers participating in certified projects to claim tax credits. To be certified, the Economic Assistance Coordinating Council must approve a project, subject to a cap. Credit is not transferable, but is refundable for specified project types. See item # 2.605 for more details.
Origin: M.G.L. c. 62, § 6(g)
Tax Type
Tax Expenditure
Item Number
Item Name
Description
Origin
FY2018
FY2019
FY2020
FY2021
FY2022
Personal Income Tax
Credits Against Tax
1.603
Economic Development Incentive Program Credit
Under the provisions of the Economic Development Incentive Program (EDIP) established pursuant to M.G.L. Ch. 23A, the Economic Assistance Coordination Council (EACC) may authorize taxpayers participating in certified projects to claim tax credits. To be certified, the Economic Assistance Coordinating Council must approve a project, subject to a cap. Credit is not transferable, but is refundable for specified project types. See item # <a href="/tax-expenditure-budget/corporate-excise-tax/credits-against-tax/2-605">2.605</a> for more details.
<a href="https://malegislature.gov/Laws/GeneralLaws/PartI/TitleIX/Chapter62/Section6" target="_blank">M.G.L. c. 62, § 6(g)</a>
4.1
4.1
4.2
4.2
4.2
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