Governor Deval Patrick's Budget Recommendation - House 1 Fiscal Year 2012

Governor's Budget Recommendation FY 2012

Corporate Excise Tax


Fiscal Year 2012 Corporate Excise Tax (in Millions)   (detail)
TAX EXPENDITURE
FY2010

FY2011

FY2012
2.000 - Exclusions from Gross Income 69.676.0 75.2
2.100 - Deferrals of Gross Income 0.10.1 0.1
2.200 - Deductions from Gross Income 161.2155.1 153.7
2.300 - Accelerated Deductions from Gross Income 279.7290.7 298.6
2.400 - Adjustments to Apportionment Formula 304.7320.7 340.0
2.500 - Exclusions from Property Component 140.7148.2 158.6
2.600 - Credits Against Tax 183.1233.4 229.3
2.700 - Entity Exempt from Taxation 3.53.4 3.0
TOTAL 1,142.6 1,227.6 1,258.5

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