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

2.311 -Five-Year Amortization of Pollution Control Facilities

Item DescriptionFY2012 FY2013 FY2014
2.311 Five-Year Amortization of Pollution Control Facilities
Taxpayers may elect to amortize the cost of a certified pollution control facility over a five-year period, allowing for accelerated recovery of these costs. Accelerated recovery is only available for pollution control facilities subsequently added to plants that were in operation before 1976. The excess of accelerated recovery over depreciation deductions otherwise allowable constitutes a tax expenditure, resulting in a deferral of tax or an interest-free loan.

Origin:  IRC, S. 169
Estimate:  N.A.
N.A. N.A. N.A.


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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