2.312 -Expensing of Alternative Energy Units

Item	Description	FY2011	FY2012	FY2013	FY2014	FY2015
2.312	Expensing of Alternative Energy Units In determining net income, a corporation may elect to take an immediate deduction for expenditures made for certain solar or wind powered systems or units located in Massachusetts and used exclusively in the business, in lieu of all other deductions and credits including the deduction for depreciation. Without this provision, such expenditures would have to be capitalized and depreciated. The immediate deduction constitutes a tax expenditure, resulting in a deferral of tax or an interest-free loan. Origin: M.G.L. c. 63, S. 38H Estimate: $0.4	0.3	0.3	0.3	0.4	0.4

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.