Governor Deval Patrick's Budget Recommendation - House 2 Fiscal Year 2013

Governor's Budget Recommendation FY 2013

Personal Income Tax


Fiscal Year 2013 Personal Income Tax (in Millions)   (detail)
TAX EXPENDITURE
FY2011

FY2012

FY2013
1.000 - Exclusions from Gross Income 3,502.23,644.2 4,286.1
1.100 - Deferrals of Gross Income 1,035.51,176.2 1,408.7
1.200 - Deductions from Gross Income 4.14.3 4.5
1.300 - Accelerated Deductions from Gross Income 94.190.7 86.6
1.400 - Deductions from Adjusted Gross Income 774.0793.9 814.9
1.600 - Credits Against Tax 206.6226.8 241.8
TOTAL 5,616.5 5,936.1 6,842.6

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