Deductions from Gross Income
Fiscal Year 2019 Resource Summary (in Millions)
| TAX EXPENDITURE |
FY2015 |
FY2016 |
FY2017 |
FY2018 |
FY2019 |
| Deductions from Gross Income |
159.2 |
167.7 |
177.0 |
187.4 |
200.5 |
| item |
description |
amount |
| Deductions from Gross Income |
200.5 |
View tax item language
| 2.201 |
Charitable Contributions and Gifts Deduction
|
25.2 |
| 2.203 |
Net Operating Loss (NOL) Carry-Forward
|
174.1 |
| 2.204 |
Excess Natural Resource Depletion Allowance
|
1.2 |
| 2.205 |
Deduction for Certain Dividends of Cooperatives
|
N.A. |
| 2.206 |
Economic Opportunity Areas; Tax Deduction for Renovation of Abandoned Buildings
|
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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