Governor Charles D. Baker's Budget Recommendation - House 1 Fiscal Year 2016

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1.415 -Charitable Contributions Tax Deduction


Item DescriptionFY2012 FY2013 FY2014 FY2015 FY2016
1.415 Charitable Contributions Tax Deduction
For tax year 2001, a deduction was allowed for charitable contributions in determining Part B taxable income. The deduction amount was equal to the taxpayer's charitable contributions for the year, as defined under the Federal Internal Revenue Code and without regard to whether the taxpayer elected to itemize deductions on his or her federal income tax return. Chapter 186 of the Acts of 2002 suspended this deduction, so no tax expenditure is recorded for the current fiscal year.

Origin:  M.G.L. c. 62, S.3B (a)(13)
Estimate:  Not Active
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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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