Deductions from Gross Income

Fiscal Year 2014 Resource Summary (in Millions)
TAX EXPENDITURE FY2012 FY2013 FY2014
Deductions from Gross Income 150.6 164.0 171.6

View tax item language

item description amount
Deductions from Gross Income 171.6
2.201 Charitable Contributions and Gifts Deduction 48.8
2.203 Net Operating Loss Carry-Over 122.8
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.