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

2.702 -Tax-Exempt Organizations


Item DescriptionFY2012 FY2013 FY2014
2.702 Tax-Exempt Organizations
Corporations considered to be tax-exempt under section 501 of the Internal Revenue Code (such as religious, scientific and educational organizations) are exempt from tax under the corporate excise. The non-taxation of their net income and property creates a tax expenditure.

Origin:  IRC, S. 501, M.G.L. c. 63, S. 30
Estimate:  N.A.
N.A. N.A. N.A.

Key:

ORIGIN  
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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