1.306 Election to Deduct and Amortize Business Start-up Costs

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

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.

1.0

1.4

Download the data

IRC	Federal Internal Revenue Code (26 U.S.C.)
U.S.C.	United States Code
M.G.L.	Massachusetts General Laws
Rev. Rul.; C.B.	Revenue Ruling; Cumulative Bulletin of the U.S. Treasury
ESTIMATES	All estimates are in $ millions.