2.313 -Seven-Year Amortization for Reforestation

Item DescriptionFY2011 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  
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.