Governor Charles D. Baker's Budget Recommendation - House 2 Fiscal Year 2017

Personal Income Tax


Fiscal Year 2017 Personal Income Tax (in Millions)   (detail)
TAX EXPENDITURE
FY2013

FY2014

FY2015

FY2016

FY2017
1.000 - Exclusions from Gross Income 3,810.0 3,858.8 3,964.9 3,979.9 4,146.7
1.100 - Deferrals of Gross Income 998.0 936.9 1,249.0 1,381.2 1,566.0
1.200 - Deductions from Gross Income 0.1 0.4 0.4 0.1 0.4
1.300 - Accelerated Deductions from Gross Income 110.3 114.2 114.4 109.2 108.3
1.400 - Deductions from Adjusted Gross Income 851.9 896.9 905.2 922.1 940.3
1.500 - Preferential Rate of Taxation 0.0 0.1 0.7 2.3 4.0
1.600 - Credits Against Tax 233.0 252.2 255.9 263.4 346.2
TOTAL 6,003.3 6,059.5 6,490.5 6,658.2 7,111.9

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