Deductions from Gross Income
Fiscal Year 2013 Resource Summary (in Millions)
TAX EXPENDITURE |
FY2011 |
FY2012 |
FY2013 |
Deductions from Gross Income |
142.6 |
137.8 |
137.1 |
item |
description |
amount |
Deductions from Gross Income |
137.1 |
View tax item language
2.201 |
Charitable Contributions and Gifts Deduction
|
46.5 |
2.203 |
Net Operating Loss Carry-Over
|
90.6 |
2.204 |
Excess Natural Resource Depletion Allowance
|
Negligible |
2.205 |
Deduction for Certain Dividends of Cooperatives
|
N.A. |
2.206 |
Economic opportunity areas; tax deduction for renovation of abandoned buildings
|
Negligible |
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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