1.306 -Election to Deduct and Amortize Business Start-up Costs

Item	Description	FY2012	FY2013	FY2014
1.306	Election to Deduct and Amortize Business Start-up Costs Individuals or investors in a trade or business may elect to treat business start-up expenditures as deferred expenses and amortize them over a period of not less than 180 months, starting with the month in which the business begins. For a more detailed description of this tax expenditure, see corporate excise item 2.304. Origin: IRC S. 195 Estimate: $4.1	5	4.5	4.1

Key:

ORIGIN
IRC	Federal Internal Revenue Code (26 U.S.C.)
U.S.C	United States Code
M.G.L.	Massachusetts General Laws
Rev. Rul.; C.B.	Revenue Ruling; Cumulative Bulletin of the U.S. Treasury
ESTIMATES	All estimates are in $ millions.