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Tax Break Tracker Individual Entry

Each individual entry is a single program reported by a single jurisdiction in a given fiscal year. Because we want to track the level and quality of disclosure as well as the content, the values below -- with the exception of program names -- are entered exactly as they are reported. See our user guide for more explanations.

Effected JurisdictionMassachusetts
Jurisdiction type: State
Fiscal year ending In2022
Program nameEconomic Development Incentive Program (EDIP)
Program purpose: Job Creation/Retention
Statutory authority: Massachusetts General Laws c.23A s. 3D
Abating jurisdiction(s): State of Massachusetts
Applicable taxesCorporate Excise Tax; Financial Institutions Excise Tax; Insurance Premium Tax; Personal Income Tax
Method of abatement: Tax Credit
Provisions for recapture: Certificate may be revoked
Gross revenue loss: $4,497,000
Reimbursement / offset: $0
Net revenue loss: $4,497,000
Type of loss: Active
Additional notes on dislosure(none)
Document sourcehttps://www.macomptroller.org/wp-content/uploads/acfr_fy-2022.pdf