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.

State: 
Massachusetts
Reporting Jurisdiction: 
Massachusetts
Jurisdiction type
State
Fiscal year ending In: 
2020
Program name: 
Life Sciences Tax Incentive Program
Program purpose
Technology
Statutory authority
multiple
Abating jurisdiction(s)
State of Massachusetts
Applicable taxes: 
Corporate 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
$18,570,000
Reimbursement / offset
$0
Net revenue loss
$18,570,000
Type of loss
Active
Additional notes on dislosure: 
(none)