Origin: In general, taxpayers may recover the cost of durable business assets only by capitalizing the cost and claiming depreciation deductions over a period of years. This expenditure reflects Massachusetts' conformity with federal rules allowing for accelerated depreciation of new and used buildings placed in service as rental property.
Origin: IRC § 168(b)
Tax Type
Tax Expenditure
Item Number
Item Name
Description
Origin
FY2023
FY2024
FY2025
FY2026
FY2027
Personal Income Tax
Accelerated Deductions from Gross Income
1.301
Modified Accelerated Depreciation on Rental Housing
In general, taxpayers may recover the cost of durable business assets only by capitalizing the cost and claiming depreciation deductions over a period of years. This expenditure reflects Massachusetts' conformity with federal rules allowing for accelerated depreciation of new and used buildings placed in service as rental property.
<a href="https://www.law.cornell.edu/uscode/text/26/168" target="_blank">IRC § 168(b)</a>
29.6
33.6
33.1
31.3
30.9
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