Origin: Under the provisions of the Economic Development Incentive Program (EDIP), the Economic Assistance Coordinating Council (EACC) may authorize taxpayers participating in certified projects to claim tax credits. To be eligible, a project must be certified by the EACC. The total dollar amount of the EDIP credit that may be authorized in a calendar year is $30 million. See item # 2.605 for more details.
Origin: M.G.L. c. 63, § 38N; c. 62, § 6(g)
Tax Type
Tax Expenditure
Item Number
Item Name
Description
Origin
FY2022
FY2023
FY2024
FY2025
FY2026
Personal Income Tax
Credits Against Tax
1.603
Economic Development Incentive Program Credit
Under the provisions of the Economic Development Incentive Program (EDIP), the Economic Assistance Coordinating Council (EACC) may authorize taxpayers participating in certified projects to claim tax credits. To be eligible, a project must be certified by the EACC. The total dollar amount of the EDIP credit that may be authorized in a calendar year is $30 million. See item # <a href="/tax-expenditure-budget/corporate-excise-tax/credits-against-tax/2-605">2.605</a> for more details.
M.G.L. <a href="https://malegislature.gov/Laws/GeneralLaws/PartI/TitleIX/Chapter63/Section38n" target="_blank">c. 63, § 38N</a>; <a href="https://malegislature.gov/Laws/GeneralLaws/PartI/TitleIX/Chapter62/Section6" target="_blank">c. 62, § 6(g)</a>
2.7
1.9
2.0
6.4
6.5
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