2.206 -Abandoned Building Renovation Deduction

Item	Description	FY2008	FY2009	FY2010
2.206	Abandoned Building Renovation Deduction Businesses renovating eligible buildings in Economic Opportunity Areas may deduct 10% of the cost of renovation from gross income. This deduction may be in addition to any other deduction for which the cost of renovation may qualify. To be eligible for this deduction, renovation costs must relate to buildings designated as abandoned by the Economic Assistance Coordinating Council. Origin: M.G.L. c. 63, S. 38O Estimate: $0.9	0.8	0.9	0.9

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.