SENATE DOCKET, NO. 1865        FILED ON: 1/21/2011

SENATE  .  .  .  .  .  .  .  .  .  .  .  .  .  .  No. 1545

 

The Commonwealth of Massachusetts

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PRESENTED BY:

Bruce E. Tarr

_________________

To the Honorable Senate and House of Representatives of the Commonwealth of Massachusetts in General
Court assembled:

The undersigned legislators and/or citizens respectfully petition for the adoption of the accompanying bill:

An Act relative to depreciation deductions.

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PETITION OF:

 

Name:

District/Address:

Bruce E. Tarr

 


SENATE DOCKET, NO. 1865        FILED ON: 1/21/2011

SENATE  .  .  .  .  .  .  .  .  .  .  .  .  .  .  No. 1545

By Mr. Tarr, a petition (accompanied by bill, Senate, No. 1545) of Bruce E. Tarr for legislation relative to depreciation deductions.  Revenue.

 

The Commonwealth of Massachusetts

 

_______________

In the Year Two Thousand Eleven

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An Act relative to depreciation deductions.

 

Be it enacted by the Senate and House of Representatives in General Court assembled, and by the authority of the same, as follows:
 

            SECTION 1.  Paragraph (4) of section 30 of chapter 63 of the General Laws is hereby amended by  striking out clause (iv) and inserting in place thereof the following:-  (iv) the deduction allowed by section 168(k) of said Code; provided, however, that for taxable year 2011, a depreciation deduction shall be allowed in the same amount as the federal bonus depreciation allowance under section 168(k) of said Code.