Income from the sale, lease or transfer of U.S. patents approved by the Massachusetts Department of Energy Resources for energy conservation, and royalties and income from the sale, lease or other transfer of property subject to such patents are excluded from gross income for a period of 5 years.
Origin: I.R.C. § 1235; M.G.L. c. 63, § 30.3
Tax Type
Tax Expenditure
Item Number
Item Name
Description
Origin
FY2017
FY2018
FY2019
FY2020
FY2021
Corporate Excise Tax
Exclusions from Gross Income
2.002
Exemption of Income from the Sale, Lease or Transfer of Certain Patents
Income from the sale, lease or transfer of U.S. patents approved by the Massachusetts Department of Energy Resources for energy conservation, and royalties and income from the sale, lease or other transfer of property subject to such patents are excluded from gross income for a period of 5 years.
<a href="http://www.law.cornell.edu/uscode/html/uscode26/usc_sec_26_00001235----000-.html" target="_blank">I.R.C. § 1235</a>; M.G.L. <a href="https://malegislature.gov/Laws/GeneralLaws/PartI/TitleIX/Chapter63/Section30" target="_blank">c. 63, § 30.3</a>
0.0
0.0
0.0
0.0
0.0
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