Origin: In general, businesses may recover the cost of durable business assets only by capitalizing the cost and claiming depreciation deductions over a period of years. This expenditure reflects Massachusetts' conformity with federal rules allowing for accelerated depreciation of nonresidential buildings.
Origin: IRC § 168(b)
Tax Type
Tax Expenditure
Item Number
Item Name
Description
Origin
FY2021
FY2022
FY2023
FY2024
FY2025
Personal Income Tax
Accelerated Deductions from Gross Income
1.303
Modified Accelerated Depreciation on Buildings (other than Rental Housing)
In general, businesses may recover the cost of durable business assets only by capitalizing the cost and claiming depreciation deductions over a period of years. This expenditure reflects Massachusetts' conformity with federal rules allowing for accelerated depreciation of nonresidential buildings.
<a href="https://www.law.cornell.edu/uscode/text/26/168" target="_blank">IRC § 168(b)</a>
3.0
3.7
3.9
3.9
3.9
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