Accelerated Deductions from Gross Income
Fiscal Year 2010 Resource Summary (in Millions)
| TAX EXPENDITURE |
FY2009 |
FY2010 |
FY2011 |
| Accelerated Deductions from Gross Income |
303.4 |
290.5 |
284.3 |
| item |
description |
amount |
| Accelerated Deductions from Gross Income |
284.3 |
View tax item language
| 2.301 |
Accelerated Depreciation on Rental Housing
|
2.9 |
| 2.302 |
Accelerated Depreciation for Rehabilitation of Low-Income Housing
|
N.A. |
| 2.303 |
Expensing for Removal of Barriers to the Handicapped
|
0.2 |
| 2.304 |
Five-Year Amortization of Start-Up Costs
|
0.3 |
| 2.305 |
The Accelerated Cost Recovery System (ACRS) for Equipment
|
189.5 |
| 2.306 |
Deduction for Excess First-Year Depreciation
|
0.6 |
| 2.307 |
Accelerated Depreciation on Buildings (other than Rental Housing)
|
6.4 |
| 2.308 |
Expensing Research and Development Expenditures in One Year
|
79.9 |
| 2.309 |
Expensing Exploration and Development Costs
|
1.6 |
| 2.310 |
Five-Year Amortization of Certain Operating Rights
|
N.A. |
| 2.311 |
Five-Year Amortization of Pollution Control Facilities
|
N.A. |
| 2.312 |
Expensing Certain Expenditures for Alternative Energy Sources
|
2.9 |
| 2.313 |
Seven-Year Amortization for Reforestation
|
N.A. |
Key:
| ORIGIN |
|
| IRC | Federal 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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