Origin: Due to Massachusetts' reliance on the Internal Revenue Code (Code) for purposes of determining income, taxpayers may elect to amortize the cost of a certified pollution control facility over a five-year period, potentially allowing for accelerated recovery of these costs. For a more detailed description of this tax expenditure, see corporate excise item 2.311.
Origin: IRC § 169; M.G.L. c. 62, § 2(d)(1)
Tax Type
Tax Expenditure
Item Number
Item Name
Description
Origin
FY2022
FY2023
FY2024
FY2025
FY2026
Personal Income Tax
Accelerated Deductions from Gross Income
1.310
Five-Year Amortization of Pollution Control Facilities
Due to Massachusetts' reliance on the Internal Revenue Code (Code) for purposes of determining income, taxpayers may elect to amortize the cost of a certified pollution control facility over a five-year period, potentially allowing for accelerated recovery of these costs. For a more detailed description of this tax expenditure, see corporate excise item <a href="/tax-expenditure-budget/corporate-excise-tax/accelerated-deductions-from-gross-income/2-311">2.311</a>.
<a href="https://www.law.cornell.edu/uscode/text/26/169" target="_blank">IRC § 169</a>; M.G.L. <a href="https://malegislature.gov/Laws/GeneralLaws/PartI/TitleIX/Chapter62/Section2" target="_blank">c. 62, § 2(d)(1)</a>
N.A.
N.A.
N.A.
N.A.
N.A.
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