Origin: Due to Massachusetts' reliance on the Internal Revenue Code (Code) for purposes of determining income, property owners may exclude from income certain payments they receive for participating in designated conservation, reclamation, and restoration programs.
Origin: IRC § 126
Tax Type
Tax Expenditure
Item Number
Item Name
Description
Origin
FY2022
FY2023
FY2024
FY2025
FY2026
Personal Income Tax
Exclusions from Gross Income
1.017
Exclusion of Payments Received Under Government Conservation, Reclamation and Restoration Programs
Due to Massachusetts' reliance on the Internal Revenue Code (Code) for purposes of determining income, property owners may exclude from income certain payments they receive for participating in designated conservation, reclamation, and restoration programs.
<a href="https://www.law.cornell.edu/uscode/text/26/126" target="_blank">IRC § 126</a>
0.4
0.4
0.4
0.4
0.4
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