| Item | Description | FY2011 | FY2012 | FY2013 |
|---|---|---|---|---|
| 2.201 | Charitable Contributions and Gifts Deduction
In computing net income, corporations may deduct charitable donations up to 10% of taxable income computed without the deductions. There is a carryover of excess contributions available for five succeeding taxable years. Origin: IRC, S. 170 (b)(2)(A), (d)(2)(A) Estimate: $46.5 |
50.4 | 47.6 | 46.5 |
| 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. |