| Item | Description | FY2010 | FY2011 | FY2012 |
|---|---|---|---|---|
| 1.023 | Exemption of Interest from Massachusetts Obligations
Interest earned on Massachusetts bonds is exempt. The exclusion applies to bonds of Massachusetts agencies and local subdivisions as well. Origin: M.G.L. c. 62, S. 2 (a)(1)(A) Estimate: $89.7 |
83.5 | 84.4 | 89.7 |
| 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. |