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

2.201 -Charitable Contributions and Gifts Deduction

Item DescriptionFY2012 FY2013 FY2014
2.201 Charitable Contributions and Gifts Deduction
In computing net income, corporations may deduct charitable donations up to 10% of taxable incomes computed without the deductions. There is a carryover of excess contributions available for five succeeding taxable years.

Origin:  IRC, S. 170 (b)(2)(A), (d)(2)(A)
Estimate:  $48.8
42.4 47.1 48.8


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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