2.201 -Charitable Deduction

Item	Description	FY2009	FY2010	FY2011
2.201	Charitable Deduction In computing net income, corporations may deduct charitable donations up to 10% of taxable income computed without the deductions. There is a carryover of excess contributions available for five succeeding taxable years. Origin: IRC S. 170 Estimate: $88.2	85	85.5	88.2

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.