2.308 -Expensing Research and Development Expenditures in One Year

Item	Description	FY2011	FY2012	FY2013	FY2014	FY2015
2.308	Expensing Research and Development Expenditures in One Year Taxpayers may elect to treat research or experimental expenditures incurred in connection with a trade or business as immediately deductible expenses. Under generally accepted accounting principles, at least some of these costs would otherwise be treated as capital expenditures and depreciated or amortized over a period of years. Their immediate deduction constitutes a tax expenditure, resulting in a deferral of tax or an interest-free loan. Origin: IRC, S. 174 Estimate: $97.4	73.2	79.4	81.6	95.7	97.4

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.