1.309 -Expensing Research and Development Expenditures in One Year

Item	Description	FY2009	FY2010	FY2011
1.309	Expensing Research and Development Expenditures in One Year Individuals or investors in a trade or business may take an immediate deduction for research and development expenditures. For a more detailed description of this tax expenditure, see corporate excise item 2.308. Origin: IRC S. 174 Estimate: $1.2	1.2	1.2	1.2

Key:

ORIGIN
IRC	Federal 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.