Governor Deval Patrick's Budget Recommendation - House 1 Fiscal Year 2014

Personal Income Tax


Fiscal Year 2014 Personal Income Tax (in Millions)   (detail)
TAX EXPENDITURE
FY2012

FY2013

FY2014
1.000 - Exclusions from Gross Income 3,642.63,963.1 4,170.2
1.100 - Deferrals of Gross Income 1,131.41,374.8 1,524.1
1.200 - Deductions from Gross Income 0.30.3 0.3
1.300 - Accelerated Deductions from Gross Income 102.6100.8 98.1
1.400 - Deductions from Adjusted Gross Income 791.4810.9 833.8
1.600 - Credits Against Tax 222.0232.5 250.1
TOTAL 5,890.3 6,482.4 6,876.6

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