Governor Deval Patrick's Budget Recommendation - House 1 Fiscal Year 2010

Governor's Budget Recommendation FY 2010

Accelerated Deductions from Gross Income


Fiscal Year 2010 Resource Summary (in Millions)
TAX EXPENDITURE FY2008 FY2009 FY2010
Accelerated Deductions from Gross Income 283.9 320.3 333.5

View tax item language

item description amount
Accelerated Deductions from Gross Income 333.5
2.301 Accelerated Depreciation on Rental Housing 3.3
2.302 Accelerated Depreciation for Rehabilitation of Low-Income Housing N.A.
2.303 Expensing for Removal of Barriers to the Handicapped 0.3
2.304 Five-Year Amortization of Start-Up Costs 0.3
2.305 The Accelerated Cost Recovery System (ACRS) for Equipment 214.6
2.306 Deduction for Excess First-Year Depreciation 3.1
2.307 Accelerated Depreciation on Buildings (other than Rental Housing) 11.2
2.308 Expensing Research and Development Expenditures in One Year 98.3
2.309 Expensing Exploration and Development Costs 1.2
2.310 Five-Year Amortization of Certain Operating Rights N.A.
2.311 Five-Year Amortization of Pollution Control Facilities N.A.
2.312 Expensing Certain Expenditures for Alternative Energy Sources 1.2
2.313 Seven-Year Amortization for Reforestation N.A.

Key:

ORIGIN  
IRCFederal 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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