Accelerated Deductions from Gross Income

Fiscal Year 2019 Resource Summary (in Millions)
TAX EXPENDITURE	FY2015	FY2016	FY2017	FY2018	FY2019
Accelerated Deductions from Gross Income	375.6	520.3	509.7	457.9	418.8

item	description	amount
Accelerated Deductions from Gross Income		418.8
2.301	Modified Accelerated Cost Recovery System on Rental Housing	3.7
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	246.8
2.306	Deduction for Excess First-Year Depreciation	116.6
2.307	Modified Accelerated Depreciation on Buildings (other than Rental Housing)	1.6
2.308	Expensing Research and Development Expenditures in One Year	47.5
2.309	Expensing Exploration and Development Costs	0.1
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	0.3

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.