Exclusions from Gross Income

Fiscal Year 2014 Resource Summary (in Millions)
TAX EXPENDITURE FY2012 FY2013 FY2014
Exclusions from Gross Income 86.9 93.9 98.6

View tax item language

item description amount
Exclusions from Gross Income 98.6
2.001 Small Business Corporations 98.6
2.002 Exemption of Income from the Sale, Lease or Transfer of Certain Patents 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.