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

2.312 -Alternative energy sources; deduction

Item DescriptionFY2012 FY2013 FY2014
2.312 Alternative energy sources; deduction
In determining net income, a corporation may elect to take an immediate deduction for expenditures made for certain solar or wind powered systems or units located in Massachusetts and used exclusively in the business, in lieu of all other deductions and credits including the deduction for depreciation. Without this provision, such expenditures would have to be capitalized and depreciated. The immediate deduction constitutes a tax expenditure, resulting in a deferral of tax or an interest-free loan.

Origin:  M.G.L. c. 63, S. 38H
Estimate:  $0.4
0.2 0.3 0.4


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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