Deductions from Gross Income
Fiscal Year 2017 Resource Summary (in Millions)
TAX EXPENDITURE |
FY2013 |
FY2014 |
FY2015 |
FY2016 |
FY2017 |
Deductions from Gross Income |
166.5 |
169.5 |
177.1 |
189.5 |
195.1 |
item |
description |
amount |
Deductions from Gross Income |
195.1 |
View tax item language
2.201 |
Charitable Contributions and Gifts Deduction
|
23.0 |
2.203 |
Net Operating Loss (NOL) Carry-Forward
|
170.3 |
2.204 |
Excess Natural Resource Depletion Allowance
|
1.8 |
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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