Thus far, we have discussed various tax credit and/or tax incentive programs in Virginia and Maryland. However, let's venture a bit north and take a look at Massachusetts.
The following are tax credit or tax incentive programs that could be applicable to your expanding business:
Local Real Estate Tax Exemption: A local real estate tax exemption that is provided by local Massachusetts’ municipalities, the amount of which is negotiated with the municipality; the exemption applies to any increase in property tax that is based on the increase value of the applicant’s property due to new construction or significant improvements.
Informational Link: http://www.mass.gov/hed/business/incentives/tax-increment-financing-tif.html
Research and Development (R & D) Tax Credit: A permanent income tax credit available to either foreign (out-of-state) or domestic (in-state) companies, if subject to the Massachusetts corporate excise tax, on research and development expenditures.
Informational Link: http://www.mass.gov/hed/business/incentives/r-and-d-tax-credit.html
Investment Tax Credit: A corporate income (excise) tax credit for certain companies in Massachusetts that is based on investment (either by purchase or lease) in certain tangible personal property used in business.
Informational Link: http://www.mass.gov/hed/business/incentives/investment-tax-credit.html
Life Science Tax Incentive Program: A tax incentive program for Massachusetts companies engaged in life science research and development, commercialization, and manufacturing - the size of the tax incentive is wholly dependent the ability to create and retain jobs in Massachusetts.
Informational Link: http://www.masslifesciences.com/programs/tax/
The following are tax credit or tax incentive programs that could be applicable to your expanding business:
Local Real Estate Tax Exemption: A local real estate tax exemption that is provided by local Massachusetts’ municipalities, the amount of which is negotiated with the municipality; the exemption applies to any increase in property tax that is based on the increase value of the applicant’s property due to new construction or significant improvements.
Informational Link: http://www.mass.gov/hed/business/incentives/tax-increment-financing-tif.html
Research and Development (R & D) Tax Credit: A permanent income tax credit available to either foreign (out-of-state) or domestic (in-state) companies, if subject to the Massachusetts corporate excise tax, on research and development expenditures.
Informational Link: http://www.mass.gov/hed/business/incentives/r-and-d-tax-credit.html
Investment Tax Credit: A corporate income (excise) tax credit for certain companies in Massachusetts that is based on investment (either by purchase or lease) in certain tangible personal property used in business.
Informational Link: http://www.mass.gov/hed/business/incentives/investment-tax-credit.html
Life Science Tax Incentive Program: A tax incentive program for Massachusetts companies engaged in life science research and development, commercialization, and manufacturing - the size of the tax incentive is wholly dependent the ability to create and retain jobs in Massachusetts.
Informational Link: http://www.masslifesciences.com/programs/tax/
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