Deductions from Gross Income
Fiscal Year 2014 Resource Summary (in Millions)
| TAX EXPENDITURE |
FY2012 |
FY2013 |
FY2014 |
| Deductions from Gross Income |
150.6 |
164.0 |
171.6 |
| item |
description |
amount |
| Deductions from Gross Income |
171.6 |
View tax item language
| 2.201 |
Charitable Contributions and Gifts Deduction
|
48.8 |
| 2.203 |
Net Operating Loss Carry-Over
|
122.8 |
| 2.204 |
Excess Natural Resource Depletion Allowance
|
0.1 |
| 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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