Governor Deval Patrick's Budget Recommendation - House 2 Fiscal Year 2015

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1.023 -Exemption of Interest from Massachusetts Obligations


Item DescriptionFY2011 FY2012 FY2013 FY2014 FY2015
1.023 Exemption of Interest from Massachusetts Obligations
Interest earned on Massachusetts bonds is exempt. The exclusion applies to bonds of Massachusetts agencies and and local subdivisions (cities and towns) as well.

Origin:  M.G.L. c. 62, S. 2 (a)(1)(A)
Estimate:  $69.8
68.6 58.7 57.7 70 69.8

Key:

ORIGIN  
IRCFederal Internal Revenue Code (26 U.S.C.)
U.S.C United States Code
M.G.L. Massachusetts General Laws
Rev. Rul.; C.B. Revenue Ruling; Cumulative Bulletin of the U.S. Treasury
ESTIMATES All estimates are in $ millions.


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