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

Governor's Budget Recommendation FY 2012

Accelerated Deductions from Gross Income


Fiscal Year 2012 Resource Summary (in Millions)
TAX EXPENDITURE FY2010 FY2011 FY2012
Accelerated Deductions from Gross Income 279.7 290.7 298.6

View tax item language

item description amount
Accelerated Deductions from Gross Income 298.6
2.301 Accelerated Depreciation on Rental Housing 1.9
2.302 Accelerated Depreciation for Rehabilitation of Low-Income Housing N.A.
2.303 Expenditures to remove architectural and transportation barriers to the handicapped and elderly 0.3
2.304 Five-Year Amortization of Start-Up Costs 0.2
2.305 The Accelerated Cost Recovery System (ACRS) for Equipment 227.6
2.306 Deduction for Excess First-Year Depreciation 3.5
2.307 Accelerated Depreciation on Buildings (other than Rental Housing) 6.3
2.308 Expensing Research and Development Expenditures in One Year 57.4
2.309 Expensing Exploration and Development Costs 1.1
2.310 Five-Year Amortization of Certain Operating Rights N.A.
2.311 Five-Year Amortization of Pollution Control Facilities N.A.
2.312 Alternative energy sources; deduction 0.4
2.313 Seven-Year Amortization for Reforestation 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.


top of page link top of page