Governor Deval Patrick's Budget Recommendation - House 2 Fiscal Year 2015

Corporate Excise Tax


Fiscal Year 2015 Corporate Excise Tax (in Millions)   (detail)
TAX EXPENDITURE
FY2011

FY2012

FY2013

FY2014

FY2015
2.000 - Exclusions from Gross Income 80.1 88.1 85.4 90.0 101.1
2.100 - Deferrals of Gross Income 0.4 0.4 0.4 0.4 0.4
2.200 - Deductions from Gross Income 192.7 200.5 201.4 223.3 217.5
2.300 - Accelerated Deductions from Gross Income 329.2 321.7 304.7 331.0 306.9
2.400 - Adjustments to Apportionment Formula 310.3 323.2 324.6 360.1 350.9
2.500 - Exclusions from Property Component 111.9 183.4 184.2 204.3 199.1
2.600 - Credits Against Tax 423.1 457.0 509.7 583.4 560.8
2.700 - Entity Exempt from Taxation 7.2 10.4 11.3 12.5 12.2
TOTAL 1,454.9 1,584.7 1,621.7 1,805.0 1,748.9

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