Corporate Excise Tax

Fiscal Year 2019 Corporate Excise Tax (in Millions)   (detail)
TAX EXPENDITURE
FY2015

FY2016

FY2017

FY2018

FY2019
2.000 - Exclusions from Gross Income 95.7 114.4 116.3 112.5 110.6
2.100 - Deferrals of Gross Income 0.8 0.8 0.8 0.8 0.8
2.200 - Deductions from Gross Income 159.2 167.7 177.0 187.4 200.5
2.300 - Accelerated Deductions from Gross Income 375.6 520.3 509.7 457.9 418.8
2.400 - Adjustments to Apportionment Formula 336.3 345.1 350.1 354.8 359.9
2.500 - Exclusions from Property Component 298.8 300.5 319.8 340.2 362.4
2.600 - Credits Against Tax 554.5 584.1 610.0 670.3 700.1
2.700 - Entity Exempt from Taxation 5.5 6.1 6.2 5.7 5.7
TOTAL 1,826.4 2,039.0 2,089.9 2,129.6 2,158.8