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

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
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.