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.
| State or Territory: | Massachusetts |
| Effected Jurisdiction: | Massachusetts |
Jurisdiction type: | State or Territory |
| Fiscal year ending In: | 2018 |
| Program name: | Economic Development Incentive Program (EDIP) |
| Program purpose: | Job Creation/Retention |
| Statutory authority: | M.G.L. c. 23A, § 3D |
| Abating jurisdiction(s): | State of Massachusetts |
| Applicable taxes: | Corporate Excise Tax; Financial Institutions Tax; Insurance Premiums Tax; Personal Income Tax |
| Method of abatement: | Tax Credit |
| Provisions for recapture: | For projects certified on or after January 1, 2017, recapture is required only if the EACC revokes certification. The amount of credit subject to recapture shall be proportionate to the corporation’s job creation requirements applicable to the certified project. |
| Gross revenue loss: | $52,170,000 |
| Reimbursement / offset: | $0 |
| Net revenue loss: | $52,170,000 |
| Type of loss: | Active |
| Additional notes on dislosure: | (none) |
| Document source: | https://www.macomptroller.org/annual-comprehensive-financial-reports/ |
