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

Governor's Budget Recommendation FY 2013

Deductions from Gross Income


Fiscal Year 2013 Resource Summary (in Millions)
TAX EXPENDITURE FY2011 FY2012 FY2013
Deductions from Gross Income 142.6 137.8 137.1

View tax item language

item description amount
Deductions from Gross Income 137.1
2.201 Charitable Contributions and Gifts Deduction 46.5
2.203 Net Operating Loss Carry-Over 90.6
2.204 Excess Natural Resource Depletion Allowance Negligible
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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