2.002 -Exemption of Income from the Sale, Lease or Transfer of Certain Patents

Item DescriptionFY2011 FY2012 FY2013
2.002 Exemption of Income from the Sale, Lease or Transfer of Certain Patents
Income from the sale, lease or other transfer of approved patents for energy conservation, and royalties and income from the sale, lease or other transfer of property subject to such patents are excluded from gross income for a period of five years.

Origin:  M.G.L. c. 63, S. 30.3, IRC, S. 30(5)(a)
Estimate:  negligible 		Negligible Negligible negligible

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.