Governor Deval Patrick's Budget Recommendation - House 1 Fiscal Year 2014

1.309 -Expensing Research and Experimental Expenditures in One Year


Item DescriptionFY2012 FY2013 FY2014
1.309 Expensing Research and Experimental Expenditures in One Year
Individuals or investors in a trade or business may take an immediate deduction for research and experimental expenditures. For a more detailed description of this tax expenditure, see corporate excise item 2.308.

Origin:  IRC S. 174
Estimate:  $1.2
1.2 1.2 1.2

Key:

ORIGIN  
IRCFederal 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.


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