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

2.308 -Expensing Research and Development Expenditures in One Year

Item DescriptionFY2012 FY2013 FY2014
2.308 Expensing Research and Development Expenditures in One Year
Taxpayers may elect to treat research or experimental expenditures incurred in connection with a trade or business as immediately deductible expenses. Under generally accepted accounting principles, at least some of these costs would otherwise be treated as capital expenditures and depreciated or amortized over a period of years. Their immediate deduction constitutes a tax expenditure, resulting in a deferral of tax or an interest-free loan.

Origin:  IRC, S. 174
Estimate:  $83.9
59 68.1 83.9


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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