| TAX EXPENDITURE | FY2010 | FY2011 | FY2012 |
|---|---|---|---|
| Deductions from Gross Income | 161.2 | 155.1 | 153.7 |
| item | description | amount |
|---|---|---|
| Deductions from Gross Income | 153.7 | |
| 2.201 | Charitable Contributions and Gifts Deduction | 61.9 |
| 2.203 | Net Operating Loss Carry-Over | 91.6 |
| 2.204 | Excess Natural Resource Depletion Allowance | 0.1 |
| 2.205 | Deduction for Certain Dividends of Cooperatives | N.A. |
| 2.206 | Economic opportunity areas; tax deduction for renovation of abandoned buildings | Negligible |
| 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. |