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)

Item Number
FY2022
FY2023
FY2024
FY2025
FY2026
1.310
N.A.
N.A.
N.A.
N.A.
N.A.
Loading...