2.307 -Modified Accelerated Depreciation on Buildings (other than Rental Housing)

Item	Description	FY2011	FY2012	FY2013	FY2014	FY2015
2.307	Modified Accelerated Depreciation on Buildings (other than Rental Housing) Construction may be depreciated under methods which produce faster depreciation than economic depreciation. The precise rules have been changed repeatedly in recent years by revisions of the federal tax code. For structures (other than housing) placed in service after 1986, federal law requires straight-line depreciation over a 31.5 year life. The excess of accelerated depreciation over economic depreciation is a tax expenditure. For a more detailed description of accelerated depreciation, see the description for item 2.301. Origin: IRC, S. 168 Estimate: $1.0	0.8	1.1	1	1.1	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.