Income from the sale, lease or other transfer of approved patents for energy conservation, and income from property subject to such patents, is excluded from gross income for a period of five years.
Origin: M.G.L. c. 62, § 2(a)(2)(G)
Tax Type
Tax Expenditure
Item Number
Item Name
Description
Origin
FY2016
FY2017
FY2018
FY2019
FY2020
Personal Income Tax
Exclusions from Gross Income
1.020
Exemption of Income from the Sale, Lease, or Transfer of Certain Patents
Income from the sale, lease or other transfer of approved patents for energy conservation, and income from property subject to such patents, is excluded from gross income for a period of five years.
<a href="http://www.mass.gov/legis/laws/mgl/62-2.htm" target="_blank">M.G.L. c. 62, § 2(a)(2)(G)</a>
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N.A.
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