Origin: Prior to tax year 2022, for federal purposes taxpayers could elect to immediately deduct research and experimental expenditures that they would otherwise have had to capitalize and deduct over a period of 5 years. Starting with tax year 2022 all expenditures for research conducted in the U.S must be capitalized and deducted over 5 years. Expenditures incurred outside the U.S. must be capitalized and deducted over 15 years. Massachusetts generally conforms to the federal rules for deducting research and experimental expenditures. This conformity resulted in a Massachusetts tax expenditure for tax years prior to 2022.

Origin: IRC § 174

Item Number
FY2021
FY2022
FY2023
FY2024
FY2025
1.309
0.8
0.6
0.2
0.0
0.0
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