| TAX EXPENDITURE | FY2014 | FY2015 | FY2016 | FY2017 | FY2018 |
|---|---|---|---|---|---|
| Deductions from Gross Income | 154.5 | 170.0 | 177.3 | 185.1 | 193.3 |
| item | description | amount |
|---|---|---|
| Deductions from Gross Income | 193.3 | |
| 2.201 | Charitable Contributions and Gifts Deduction | 22.6 |
| 2.203 | Net Operating Loss (NOL) Carry-Forward | 168.6 |
| 2.204 | Excess Natural Resource Depletion Allowance | 2.2 |
| 2.205 | Deduction for Certain Dividends of Cooperatives | N.A. |
| 2.206 | Economic Opportunity Areas; Tax Deduction for Renovation of Abandoned Buildings | Negligible |
| 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. |