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

Governor's Budget Recommendation FY 2012

Exclusions from Gross Income


Fiscal Year 2012 Resource Summary (in Millions)
TAX EXPENDITURE FY2010 FY2011 FY2012
Exclusions from Gross Income 69.6 76.0 75.2

View tax item language

item description amount
Exclusions from Gross Income 75.2
2.001 Small Business Corporations 75.2
2.002 Exemption of Income from the Sale, Lease or Transfer of Certain Patents N.A.

Key:

ORIGIN  
IRCFederal Internal Revenue Code (26 U.S.C.)
M.G.L. Massachusetts General Laws
U.S.C United States Code
ESTIMATES All estimates are in $ millions.


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