2.313 -Seven-Year Amortization for Reforestation

Item	Description	FY2011	FY2012	FY2013	FY2014	FY2015
2.313	Seven-Year Amortization for Reforestation Taxpayers may elect to amortize reforestation costs for qualified timber property over a seven-year period. In the absence of this special provision, these costs would be capitalized and depreciated over a longer period or recovered when the timber is sold. The accelerated cost recovery constitutes a tax expenditure, resulting in a deferral of tax or an interest-free loan. Origin: IRC, S. 194 Estimate: $0.2	0.2	0.2	0.2	0.2	0.2

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.