Origin: For federal tax purposes taxpayers can immediately deduct certain costs incurred in developing specified mineral deposits. Such costs would otherwise have to be capitalized and deducted over a period of years. The recovery period for capitalized items varies based on the nature of the costs and the type of mineral deposit. Massachusetts conforms to the federal deduction, resulting in a state tax expenditure.

Origin: Code §§ 193, 263(c), 616, 617; M.G.L. c. 63, §30.4.

Item Number
FY2022
FY2023
FY2024
FY2025
FY2026
1.308
Negligible
Negligible
Negligible
Negligible
Negligible
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