Governor Charles D. Baker's Budget Recommendation - House 1 Fiscal Year 2016

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Deductions from Gross Income


Fiscal Year 2016 Resource Summary (in Millions)
TAX EXPENDITURE FY2012 FY2013 FY2014 FY2015 FY2016
Deductions from Gross Income 183.7 200.1 200.1 193.2 199.5

View tax item language

item description amount
Deductions from Gross Income 199.5
2.201 Charitable Contributions and Gifts Deduction 25.4
2.203 Net Operating Loss (NOL) Carry-Forward 173.2
2.204 Excess Natural Resource Depletion Allowance 0.9
2.205 Deduction for Certain Dividends of Cooperatives N.A.
2.206 Economic Opportunity Areas; Tax Deduction for Renovation of Abandoned Buildings Negligible

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.


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