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

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Accelerated Deductions from Gross Income


Fiscal Year 2016 Resource Summary (in Millions)
TAX EXPENDITURE FY2012 FY2013 FY2014 FY2015 FY2016
Accelerated Deductions from Gross Income 324.2 351.4 353.9 346.6 369.0

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item description amount
Accelerated Deductions from Gross Income 369.0
2.301 Modified Accelerated Cost Recovery System on Rental Housing 4.5
2.303 Expenditures to Remove Architectural and Transportation Barriers to the Handicapped and Elderly 0.4
2.304 Election to Deduct and Amortize Business Start-up Costs 0.5
2.305 Modified Accelerated Cost Recovery System for Equipment 226.4
2.306 Deduction for Excess First-Year Depreciation 6.8
2.307 Modified Accelerated Depreciation on Buildings (other than Rental Housing) 1.2
2.308 Expensing Research and Development Expenditures in One Year 127.1
2.309 Expensing Exploration and Development Costs 0.5
2.311 Five-Year Amortization of Pollution Control Facilities 1.2
2.312 Expensing of Alternative Energy Units Not Active
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.


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