|2.002||Exemption of Income from the Sale, Lease or Transfer of Certain Patents
Income from the sale, lease or other transfer of approved patents for energy conservation, and royalties and income from the sale, lease or other transfer of property subject to such patents are excluded from gross income for a period of five years.
Origin: M.G.L. c. 63, S. 30.3, IRC, S. 30(5)(a)
|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.|