Tax credits and economic incentives create
a pro-business environment by encouraging business investment,
motivating job creation, reducing costs and more.
Development Incentive Program (EDIP)
EDIP is a tax incentive program designed to stimulate business
growth and foster job creation throughout the state. Through
this incentive program, a three-way partnership is developed
between the state, a growing company, and a municipality.
Participating companies may receive state and local tax incentives
in exchange for job creation and private investment commitments.
Tax Credit (ITC)
The Massachusetts Investment Tax Credit (ITC) offers a three-percent
credit for qualifying businesses against their Massachusetts
corporate excise tax. The credit is to be used for the purchase
and lease of qualified tangible property used in the course
of doing business.
Creation Incentive Program
Biotechnology and medical device manufacturing companies are
eligible to receive incentive payments for new job creation.
& Development Tax Credit
Massachusetts offers a tax incentive for research and development
investment for both manufacturers and R&D companies. This
tax incentive was designed to remove any obstacles to R&D
investment and spur growth and innovation throughout the Commonwealth.
The Single Sales Factor helps create an attractive tax environment
for businesses in Massachusetts. While many states use a three-factor
apportionment formula to determine net income, Massachusetts
uses only a single sales factor apportionment formula, creating
a lesser burden for businesses.
Increment Financing (TIF)
Massachusetts' version of Tax Increment Financing allows municipalities
to provide flexible, targeted incentives to stimulate job