1.413 -Exemption of Interest on Savings in Massachusetts Banks

Item	Description	FY2009	FY2010	FY2011
1.413	Exemption of Interest on Savings in Massachusetts Banks Up to $100 ($200 on a joint return) of interest from savings deposits or savings accounts in Massachusetts banks is excluded from "earned" income. Origin: M.G.L. c. 62, S. 3B(a)(6) Estimate: $7.9	7	7.4	7.9

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.