Accelerated Deductions from Gross Income

Fiscal Year 2015 Resource Summary (in Millions)
TAX EXPENDITURE FY2011 FY2012 FY2013 FY2014 FY2015
Accelerated Deductions from Gross Income 329.2 321.7 304.7 331.0 306.9

View tax item language

item description amount
Accelerated Deductions from Gross Income 306.9
2.301 Modified Accelerated Cost Recovery System on Rental Housing 3.8
2.303 Expenditures to remove architectural and transportation barriers to the handicapped and elderly 0.3
2.304 Election to Deduct and Amortize Business Start-up Costs 0.6
2.305 Modified Accelerated Cost Recovery System for Equipment 199.5
2.306 Deduction for Excess First-Year Depreciation 2.9
2.307 Modified Accelerated Depreciation on Buildings (other than Rental Housing) 1.0
2.308 Expensing Research and Development Expenditures in One Year 97.4
2.309 Expensing Exploration and Development Costs 0.9
2.311 Five-Year Amortization of Pollution Control Facilities N.A.
2.312 Expensing of Alternative Energy Units 0.4
2.313 Seven-Year Amortization for Reforestation 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.