Accelerated Deductions from Gross Income

Fiscal Year 2013 Resource Summary (in Millions)
TAX EXPENDITURE FY2011 FY2012 FY2013
Accelerated Deductions from Gross Income 255.2 237.0 243.0

View tax item language

item description amount
Accelerated Deductions from Gross Income 243.0
2.301 Accelerated Depreciation on Rental Housing 1.6
2.303 Expenditures to remove architectural and transportation barriers to the handicapped and elderly 0.2
2.304 Five-Year Amortization of Start-Up Costs 0.2
2.305 The Accelerated Cost Recovery System (ACRS) for Equipment 171.5
2.306 Deduction for Excess First-Year Depreciation 3.4
2.307 Accelerated Depreciation on Buildings (other than Rental Housing) 4.4
2.308 Expensing Research and Development Expenditures in One Year 61.1
2.309 Expensing Exploration and Development Costs Negligible
2.311 Five-Year Amortization of Pollution Control Facilities N.A.
2.312 Alternative energy sources; deduction 0.5
2.313 Seven-Year Amortization for Reforestation 0.1

Key:

ORIGIN  
IRCFederal 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.