Quick Links
- Executive Summary
- Preamble & Section 1
- Appropriations Recommendation
- Line Item Summary
- Local Aid to Cities and Towns
- Outside Sections
- Financial Statements
- Operating Transfers
- Tax Expenditure Budget
- Downloads
- Related Legislation
Accelerated Deductions from Gross Income
| TAX EXPENDITURE | FY2014 | FY2015 | FY2016 | FY2017 | FY2018 |
|---|---|---|---|---|---|
| Accelerated Deductions from Gross Income | 375.8 | 384.6 | 381.0 | 390.0 | 419.4 |
View tax item language
| item | description | amount |
|---|---|---|
| Accelerated Deductions from Gross Income | 419.4 | |
| 2.301 | Modified Accelerated Cost Recovery System on Rental Housing | 3.9 |
| 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 | 0.4 |
| 2.305 | Modified Accelerated Cost Recovery System for Equipment | 263.0 |
| 2.306 | Deduction for Excess First-Year Depreciation | 6.4 |
| 2.307 | Modified Accelerated Depreciation on Buildings (other than Rental Housing) | 1.6 |
| 2.308 | Expensing Research and Development Expenditures in One Year | 140.4 |
| 2.309 | Expensing Exploration and Development Costs | 1.3 |
| 2.311 | Five-Year Amortization of Pollution Control Facilities | 1.4 |
| 2.312 | Expensing of Alternative Energy Units | Not Active |
| 2.313 | Seven-Year Amortization for Reforestation | 0.6 |
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