Exclusions from Gross Income
Fiscal Year 2019 Resource Summary (in Millions)
| TAX EXPENDITURE |
FY2015 |
FY2016 |
FY2017 |
FY2018 |
FY2019 |
| Exclusions from Gross Income |
95.7 |
114.4 |
116.3 |
112.5 |
110.6 |
| item |
description |
amount |
| Exclusions from Gross Income |
110.6 |
View tax item language
| 2.001 |
Small Business Corporations
|
110.6 |
| 2.002 |
Exemption of Income from the Sale, Lease or Transfer of Certain Patents
|
negligible |
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. |
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