Origin: For federal tax purposes, taxpayers can immediately deduct startup costs that would otherwise have to be capitalized over a period of 15 years. Massachusetts conforms to the federal deduction, resulting in a state tax expenditure.
Origin: IRC § 195
Tax Type
Tax Expenditure
Item Number
Item Name
Description
Origin
FY2021
FY2022
FY2023
FY2024
FY2025
Personal Income Tax
Accelerated Deductions from Gross Income
1.306
Election to Deduct and Amortize Business Start-up Costs
For federal tax purposes, taxpayers can immediately deduct startup costs that would otherwise have to be capitalized over a period of 15 years. Massachusetts conforms to the federal deduction, resulting in a state tax expenditure.
<a href="https://www.law.cornell.edu/uscode/text/26/195" target="_blank">IRC § 195</a>
0.8
0.9
1.0
1.0
1.0
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