The Industrial Machinery Tax Credit provides tax savings from equipment investments dependent upon the size investment made during the period. To qualify for this credit, companies are not required to create new jobs. This incentive may be used to offset up to 50% of the company’s F&E tax liability. Any unused Industrial Machinery Tax Credit may be carried forward for up to 15 years. For capital investments less than $100,000,000 the % of credit is 1%, for $100,000,000-$250,000,000 it is 3%, for $250,000,000-500,000,000 it is 5% for $500,000,000-$1,000,000,000 it is 7%, for $1,000,000,000+ it is 10%. The investment period for the Industrial Machinery Credit is 3 years, but may be expanded to 5 years for businesses investing less than $1 billion and to 7 years for businesses investing $1 billion or more.