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 |
| item |
description |
amount |
| Accelerated Deductions from Gross Income |
369.0 |
View tax item language
| 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 |
|
| 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. |
top of page