SENATE DOCKET, NO. 1865 FILED ON: 1/21/2011
SENATE . . . . . . . . . . . . . . No. 1545
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The Commonwealth of Massachusetts
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PRESENTED BY:
Bruce E. Tarr
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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 |
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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
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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.