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

Governor's Budget Recommendation FY 2012

Deductions from Gross Income


Fiscal Year 2012 Resource Summary (in Millions)
TAX EXPENDITURE FY2010 FY2011 FY2012
Deductions from Gross Income 161.2 155.1 153.7

View tax item language

item description amount
Deductions from Gross Income 153.7
2.201 Charitable Contributions and Gifts Deduction 61.9
2.203 Net Operating Loss Carry-Over 91.6
2.204 Excess Natural Resource Depletion Allowance 0.1
2.205 Deduction for Certain Dividends of Cooperatives N.A.
2.206 Economic opportunity areas; tax deduction for renovation of abandoned buildings Negligible

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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